Talisman Energy Technical Analysis (NYSE:TLM)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Talisman Energy stock price data and volume are plotted in TLM stock charts and these trading charts form the basis of technical analysis.
See Talisman Energy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Talisman Energy stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Talisman Energy Moving Average
Moving averages help predict the price direction of TLM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Talisman Energy are mostly signals of long term trends and will help long term traders.
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 overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $7.99 is in the upper range of Talisman Energy bollinger bands.
Talisman Energy Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Talisman Energy MACD indicator can be used to identify bullish and bearish trends for the stock.
Talisman Energy 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 . 75 is the RSI value of TLM stock.