TransUnion Technical Analysis (NYSE:TRU)
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 TransUnion stock price data and volume are plotted in TRU stock charts and these trading charts form the basis of technical analysis.
See TransUnion bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of TransUnion stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
TransUnion Moving Average
Moving averages show the average price of TRU stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $70.38 is below the last closing price of $72.88 and the 50 day moving average of $67.42 is below the last closing price of $72.88. The 10 and 20 day periods can predict short term moving average trends.
TransUnion Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like TransUnion. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of TransUnion bollinger bands.
TransUnion 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 TransUnion MACD line is above the signal line.
TransUnion Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of TRU stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.