Toro Technical Analysis (NYSE:TTC)
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 Toro stock price data and volume are plotted in TTC stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Toro. 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 Toro stock analysis.
Toro Moving Average
Moving averages show the TTC stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $63.08 is below the last closing price of $63.79 and the 50 day moving average of $64.72 is above the last closing price of $63.79. The 10 and 20 day periods can predict short term moving average trends.
Toro 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 TTC stock. Currently the stock price of $63.79 is in the upper range of Toro bollinger bands.
Toro 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 Toro MACD indicator can be used to identify bullish and bearish trends for the stock.
Toro Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 46.71 is the RSI value of TTC stock.