Tandy Leather Factory Technical Analysis (NASDAQ:TLF)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The TLF stock chart pattern can give those who understand technical analysis an indication of which way TLF stock is headed, but cannot predict with 100% certainty as to what can happen to the Tandy Leather Factory stock price.
See Tandy Leather Factory bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Tandy Leather Factory stock analysis that does not care for the fair value of a company but uses price and volume data only.
Tandy Leather Factory Moving Average
Moving averages help predict the price direction of TLF stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $7.59 is below the price of $7.7.
Tandy Leather Factory Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the TLF stock. Tandy Leather Factory bollinger bands show that the stock price is $7.7, upper band is 7.85, lower band is 7.32, and the average is 7.59.
Tandy Leather Factory Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Tandy Leather Factory MACD line is below the signal line.
Tandy Leather Factory Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of TLF stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.