Timken Steel Technical Analysis (NYSE:TMST)
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. Just by looking at the Timken Steel 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 TMST stock chart which creates a trading signal.
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 Timken Steel. Technical analysis uses an approach for Timken Steel stock analysis that does not care for the fair value of a company but uses price and volume data only.
Timken Steel Moving Average
Moving averages show the average price of TMST stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $14.84 is above the price of $13.2.
Timken Steel Bollinger Bands
Bollinger bands comprise of a center line usually TMST SMA, and two TMST 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. Timken Steel bollinger bands show that the stock price is $13.2, upper band is 18.77, lower band is 10.9, and the average is 14.84.
Timken Steel 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 Timken Steel MACD line is above the signal line.
Timken Steel Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of TMST stock is 27.31.