Tailored Brands Technical Analysis (NYSE:TLRD)
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 Tailored Brands 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 TLRD stock chart which creates a trading signal.
See Tailored Brands bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Tailored Brands stock analysis that does not care for the fair value of a company but uses price and volume data only.
Tailored Brands Moving Average
Moving averages help predict the price direction of TLRD 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 Tailored Brands are mostly signals of long term trends and will help long term traders.
Tailored Brands Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Tailored Brands. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Tailored Brands bollinger bands show that the stock price is $23.17, upper band is 24.67, lower band is 21.98, and the average is 23.32.
Tailored Brands 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 Tailored Brands MACD indicator is below 0 indicating a bearish trend.
Tailored Brands 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. The relative strength index of TLRD stock is 48.1.