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. When a chart pattern that can predict future Tower stock price movements is formed, the TWGP stock chart can become a key tool for a technical analyst.
See Tower bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Tower stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Tower Moving Average:
Moving averages show the TWGP stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). 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 $2.23 price. The 10 and 20 day periods can predict short term moving average trends.
Tower 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 TWGP stock. Tower bollinger bands show that the stock price is $2.23, upper band is 24.15, lower band is 21.55, and the average is 22.85.
Tower 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 Tower MACD indicator is below 0 indicating a bearish trend.
Tower 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 TWGP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .