Teekay Offshore Partners Technical Analysis (NYSE:TOO)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The TOO stock chart pattern can give those who understand technical analysis an indication of which way TOO stock is headed, but cannot predict with 100% certainty as to what can happen to the Teekay Offshore Partners stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Teekay Offshore Partners. The technical analysis form of Teekay Offshore Partners stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Teekay Offshore Partners Moving Average
Moving averages show the average price of TOO 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 Teekay Offshore Partners are mostly signals of long term trends and will help long term traders.
Teekay Offshore Partners Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the TOO stock. Currently the stock price of $2.46 is in the lower range of Teekay Offshore Partners bollinger bands.
Teekay Offshore Partners 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 Teekay Offshore Partners MACD line is below the signal line.
Teekay Offshore Partners 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 . 41.18 is the RSI value of TOO stock.