Tower Technical Analysis (NASDAQ:TWGP)
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 TWGP stock chart pattern can give those who understand technical analysis an indication of which way TWGP stock is headed, but cannot predict with 100% certainty as to what can happen to the Tower stock price.
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 Tower. 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 stock analysis.
Tower Moving Average
Moving averages help predict the price direction of TWGP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $2.06 is below the last closing price of $2.23 and the 50 day moving average of $2.05 is below the last closing price of $2.23. The 10 and 20 day periods can predict short term moving average trends.
Tower Bollinger Bands
Bollinger bands comprise of a center line usually TWGP SMA, and two TWGP stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Tower bollinger bands show that the stock price is $2.23, upper band is 2.27, lower band is 1.85, and the average is 2.06.
Tower 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 MACD line is below the signal line.
Tower 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 . The relative strength index of TWGP stock is 65.97.