Third Point Reinsurance Technical Analysis (NYSE:TPRE)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Third Point Reinsurance 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 TPRE 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 Third Point Reinsurance. Technical analysis uses an approach for Third Point Reinsurance stock analysis that does not care for the fair value of a company but uses price and volume data only.
Third Point Reinsurance Moving Average
Moving averages help predict the price direction of TPRE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $14.26 is below the last closing price of $14.85 and the 50 day moving average of $14.16 is below the last closing price of $14.85. The 10 and 20 day periods can predict short term moving average trends.
Third Point Reinsurance 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 TPRE stock. Third Point Reinsurance bollinger bands show that the stock price is $14.85, upper band is 14.91, lower band is 13.61, and the average is 14.26.
Third Point Reinsurance 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 Third Point Reinsurance MACD indicator is above 0 indicating a bullish trend.
Third Point Reinsurance 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. The relative strength index of TPRE stock is 63.46.