Tower International Technical Analysis (NYSE:TOWR)
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 TOWR stock chart pattern can give those who understand technical analysis an indication of which way TOWR stock is headed, but cannot predict with 100% certainty as to what can happen to the Tower International stock price.
See Tower International bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Tower International stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Tower International Moving Average
Moving averages show the TOWR 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. The 20 day moving average of $31.2 is below the last closing price of $33.85 and the 50 day moving average of $29.91 is below the last closing price of $33.85. The 10 and 20 day periods can predict short term moving average trends.
Tower International Bollinger Bands
Bollinger bands comprise of a center line usually TOWR SMA, and two TOWR 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. Tower International bollinger bands show that the stock price is $33.85, upper band is 34.67, lower band is 27.72, and the average is 31.2.
Tower International 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 Tower International MACD indicator is above 0 indicating a bullish trend.
Tower International 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 TOWR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.