TPI COMPOSITES Technical Analysis (NASDAQ:TPIC)
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. A TPIC stock chart pattern can give those who understand technical analysis an indication of which way TPIC stock is headed, but cannot predict with 100% certainty as to what can happen to the TPI COMPOSITES stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for TPI COMPOSITES. 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 TPI COMPOSITES stock analysis.
TPI COMPOSITES Moving Average:
TPIC stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of TPI COMPOSITES chart patterns after the calculations remain the same. The 100 day moving average of 18.72 is below the last closing price of 21.8. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer TPIC stock price movement for the moving average to change course.
TPI COMPOSITES Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of TPI COMPOSITES stock price relative to previous trades. TPI COMPOSITES bollinger bands show that the stock price is $21.8, upper band is 19.66, lower band is 12.51, and the average is 16.08.
TPI COMPOSITES 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 TPI COMPOSITES MACD indicator is above 0 indicating a bullish trend.
TPI COMPOSITES 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. 70.48 is the RSI value of TPIC stock. .