Tennant Technical Analysis (NYSE:TNC)
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 Tennant 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 TNC stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Tennant. Technical analysis uses an approach for Tennant stock analysis that does not care for the fair value of a company but uses price and volume data only.
Tennant Moving Average
Moving averages help predict the price direction of TNC 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 Tennant are mostly signals of long term trends and will help long term traders.
Tennant Bollinger Bands
Bollinger bands comprise of a center line usually TNC SMA, and two TNC 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. Tennant bollinger bands show that the stock price is $75.3, upper band is 77.96, lower band is 74.09, and the average is 76.03.
Tennant 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 Tennant MACD line is below the signal line.
Tennant 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 TNC stock is 52.07.