Talen Energy Technical Analysis (NYSE:TLN)
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. Just by looking at the Talen 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 TLN stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Talen Energy. The technical analysis form of Talen 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.
Talen Energy Moving Average
Moving averages help predict the price direction of TLN 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 Talen Energy are mostly signals of long term trends and will help long term traders.
Talen Energy 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 TLN stock. Currently the stock price of $14 is in the upper range of Talen Energy bollinger bands.
Talen 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 Talen Energy MACD indicator is below 0 indicating a bearish trend.
Talen Energy 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. If the RSI of TLN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.