Trina Solar Technical Analysis (NYSE:TSL)
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 Trina Solar stock price data and volume are plotted in TSL 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 Trina Solar. 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 Trina Solar stock analysis.
Trina Solar Moving Average
Moving averages show the average price of TSL stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $10.67 is below the price of $11.54.
Trina Solar Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Trina Solar. 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 Trina Solar bollinger bands.
Trina Solar 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 Trina Solar MACD indicator can be used to identify bullish and bearish trends for the stock.
Trina Solar 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. 90.73 is the RSI value of TSL stock.