Toyota Motor Corp Technical Analysis (NYSE:TM)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A 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.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Toyota Motor Corp. The technical analysis form of Toyota Motor Corp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
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 20 day moving average of $107.77 is below the last closing price of $109.31 and the 50 day moving average of $107.14 is below the $109.31 price. The 10 and 20 day periods can predict short term moving average trends.
Toyota Motor Corp Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Toyota Motor Corp stock price relative to previous trades. Toyota Motor Corp bollinger bands show that the stock price is $109.31, upper band is 125.96, lower band is 121.6, and the average is 123.78.
Toyota Motor Corp Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Toyota Motor Corp MACD line is below the signal line.
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 . The relative strength index of TM stock is 72.94. .