Talisman Energy Technical Analysis (NYSE:TLM)
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. Just by looking at the Talisman Energy stock 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 TLM stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Talisman Energy. Technical analysis uses an approach for Talisman Energy stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Talisman Energy Moving Average:
Moving averages show the average price of TLM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. Moving averages can be used for TLM trend identification. A rising moving average shows that stock prices are generally increasing.
Talisman Energy Bollinger Bands:
Bollinger bands comprise of a center line usually TLM SMA, and two TLM stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Talisman Energy bollinger bands show that the stock price is $7.99, upper band is 18.36, lower band is 16.19, and the average is 17.27.
Talisman Energy 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 Talisman Energy MACD indicator can be used to identify bullish and bearish trends for the stock.
Talisman Energy Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of TLM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .