Turning Point Brands Technical Analysis (NYSE:TPB)
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 Turning Point Brands 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 TPB 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 Turning Point Brands. 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 Turning Point Brands stock analysis.
Turning Point Brands Moving Average
Moving averages help predict the price direction of TPB 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 Turning Point Brands are mostly signals of long term trends and will help long term traders.
Turning Point Brands Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Turning Point Brands. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Turning Point Brands bollinger bands show that the stock price is $42.39, upper band is 43.89, lower band is 29.17, and the average is 36.53.
Turning Point Brands 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 Turning Point Brands MACD indicator is below 0 indicating a bearish trend.
Turning Point Brands Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 71.68 is the RSI value of TPB stock.