Taylor Morrison Home Technical Analysis (NYSE:TMHC)
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. The TMHC stock chart pattern can give those who understand technical analysis an indication of which way TMHC stock is headed, but cannot predict with 100% certainty as to what can happen to the Taylor Morrison Home stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Taylor Morrison Home. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Taylor Morrison Home stock analysis.
Taylor Morrison Home Moving Average
Moving averages show the TMHC stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $21.82 is above the price of $21.31.
Taylor Morrison Home Bollinger Bands
Bollinger bands comprise of a center line usually TMHC SMA, and two TMHC 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 $21.31 is in the lower range of Taylor Morrison Home bollinger bands.
Taylor Morrison Home 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 Taylor Morrison Home MACD indicator can be used to identify bullish and bearish trends for the stock.
Taylor Morrison Home 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 TMHC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.