Tower Semiconductor Technical Analysis (NASDAQ:TSEM)
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 TSEM stock chart pattern can give those who understand technical analysis an indication of which way TSEM stock is headed, but cannot predict with 100% certainty as to what can happen to the Tower Semiconductor stock price.
See Tower Semiconductor 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 Tower Semiconductor stock analysis.
Tower Semiconductor Moving Average
Moving averages show the average price of TSEM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Tower Semiconductor are mostly signals of long term trends and will help long term traders.
Tower Semiconductor 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 TSEM stock. The stock price is trading between the average and the lower band in the context of Tower Semiconductor bollinger bands.
Tower Semiconductor 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 Tower Semiconductor MACD line is above the signal line.
Tower Semiconductor 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. The relative strength index of TSEM stock is 11.4.