Torchlight Energy Technical Analysis (NASDAQ:TRCH)
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. The Torchlight Energy stock price data and volume are plotted in TRCH stock charts and these trading charts form the basis of technical analysis.
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 Torchlight Energy. The technical analysis form of Torchlight Energy stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Torchlight Energy Moving Average
Moving averages show the TRCH 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.17 is below the price of $1.18.
Torchlight Energy Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Torchlight Energy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $1.18 is in the upper range of Torchlight Energy bollinger bands.
Torchlight Energy 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 Torchlight Energy MACD indicator is above 0 indicating a bullish trend.
Torchlight Energy 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 TRCH stock is 61.09.