Tronc Technical Analysis (NASDAQ:TRNC)
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 Tronc stock price data and volume are plotted in TRNC 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 Tronc. 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 Tronc stock analysis.
Tronc Moving Average
Moving averages show the TRNC 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 $17.13 is below the price of $19.04.
Tronc 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 TRNC stock. Currently the stock price of $19.04 is in the upper range of Tronc bollinger bands.
Tronc Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Tronc MACD indicator can be used to identify bullish and bearish trends for the stock.
Tronc 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 TRNC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.