Toyota Motor Corp Technical Analysis (NYSE:TM)
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. The TM stock chart pattern can give those who understand technical analysis an indication of which way TM stock is headed, but cannot predict with 100% certainty as to what can happen to the Toyota Motor Corp stock price.
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 Toyota Motor Corp. Technical analysis uses an approach for Toyota Motor Corp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Toyota Motor Corp Moving Average
Moving averages show the average price of TM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Toyota Motor Corp are mostly signals of long term trends and will help long term traders.
Toyota Motor Corp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Toyota Motor Corp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Toyota Motor Corp bollinger bands show that the stock price is $123.45, upper band is 136.75, lower band is 124.2, and the average is 130.47.
Toyota Motor Corp 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 Toyota Motor Corp MACD indicator can be used to identify bullish and bearish trends for the stock.
Toyota Motor Corp 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 . 20.25 is the RSI value of TM stock.