TRC Companies Technical Analysis (NYSE:TRR)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The TRC Companies stock price data and volume are plotted in TRR stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for TRC Companies. 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 TRC Companies stock analysis.
TRC Companies Moving Average
Moving averages help predict the price direction of TRR 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 $17.53 is below the last closing price of $17.55 and the 50 day moving average of $17.51 is below the last closing price of $17.55. The 10 and 20 day periods can predict short term moving average trends.
TRC Companies Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like TRC Companies. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. TRC Companies bollinger bands show that the stock price is $17.55, upper band is 17.58, lower band is 17.48, and the average is 17.53.
TRC Companies 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 TRC Companies MACD line is below the signal line.
TRC Companies Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of TRR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.