Tribune Media Technical Analysis (NYSE:TRCO)
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 TRCO stock chart pattern can give those who understand technical analysis an indication of which way TRCO stock is headed, but cannot predict with 100% certainty as to what can happen to the Tribune Media stock price.
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 Tribune Media. 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 Tribune Media stock analysis.
Tribune Media Moving Average
Moving averages show the TRCO 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. The 20 day moving average of $36.92 is below the last closing price of $38.24 and the 50 day moving average of $37.46 is below the last closing price of $38.24. The 10 and 20 day periods can predict short term moving average trends.
Tribune Media 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 TRCO stock. Currently the stock price of $38.24 is in the upper range of Tribune Media bollinger bands.
Tribune Media 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 Tribune Media MACD line is above the signal line.
Tribune Media 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. 78.45 is the RSI value of TRCO stock.