Tejon Ranch Technical Analysis (NYSE:TRC)
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 TRC stock chart pattern can give those who understand technical analysis an indication of which way TRC stock is headed, but cannot predict with 100% certainty as to what can happen to the Tejon Ranch stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Tejon Ranch. The technical analysis form of Tejon Ranch stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Tejon Ranch Moving Average
Moving averages help predict the price direction of TRC 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 $23.11 is below the last closing price of $24 and the 50 day moving average of $22.04 is below the last closing price of $24. The 10 and 20 day periods can predict short term moving average trends.
Tejon Ranch 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 TRC stock. Currently the stock price of $24 is in the upper range of Tejon Ranch bollinger bands.
Tejon Ranch Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Tejon Ranch MACD indicator is below 0 indicating a bearish trend.
Tejon Ranch 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 . If the RSI of TRC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.