Thomson Reuters Technical Analysis (NYSE:TRI)
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 Thomson Reuters stock price data and volume are plotted in TRI stock charts and these trading charts form the basis of technical analysis.
See Thomson Reuters bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Thomson Reuters stock analysis.
Thomson Reuters Moving Average
Moving averages show the TRI 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 $41.55 is above the price of $39.71.
Thomson Reuters Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Thomson Reuters. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Thomson Reuters bollinger bands show that the stock price is $39.71, upper band is 45.47, lower band is 37.63, and the average is 41.55.
Thomson Reuters 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 Thomson Reuters MACD indicator is below 0 indicating a bearish trend.
Thomson Reuters Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 17.27 is the RSI value of TRI stock.