Western Asset Corp Technical Analysis (NYSE:TLI)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Western Asset Corp Price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the TLI Chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Western Asset Corp. Technical analysis uses an approach for Western Asset Corp Analysis that does not care for the fair value of a company but uses price and volume data only.
Western Asset Corp Moving Average
Moving averages show the TLI Price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $10.01 is above the last closing price of $10 and the 50 day moving average of $10 is below the last closing price of $10. The 10 and 20 day periods can predict short term moving average trends.
Western Asset Corp 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 TLI stock. The Price is trading between the average and the lower band in the context of Western Asset Corp bollinger bands.
Western Asset Corp Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the Prices will go up. The Western Asset Corp MACD indicator can be used to identify bullish and bearish trends for the stock.
Western Asset Corp Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 54.35 is the RSI value of TLI stock.