Townsquare Media Technical Analysis (NYSE:TSQ)
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 Townsquare Media stock price data and volume are plotted in TSQ stock charts and these trading charts form the basis of technical analysis.
See Townsquare Media bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Townsquare Media stock analysis using these technical indicators helps identify trading opportunities.
Townsquare Media Moving Average:
Moving averages show the TSQ stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer TSQ stock price movement for the moving average to change course.
Townsquare Media Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Townsquare Media. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $10.06 is in the upper range of Townsquare Media bollinger bands.
Townsquare Media 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 Townsquare Media MACD indicator is above 0 indicating a bullish trend.
Townsquare Media Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of TSQ stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .