Ternium Technical Analysis (NYSE:TX)
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 TX stock chart pattern can give those who understand technical analysis an indication of which way TX stock is headed, but cannot predict with 100% certainty as to what can happen to the Ternium stock price.
See Ternium bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Ternium stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Ternium Moving Average
Moving averages show the average price of TX stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $33.99 is above the last closing price of $28.24 and the 50 day moving average of $34.99 is above the last closing price of $28.24. The 10 and 20 day periods can predict short term moving average trends.
Ternium Bollinger Bands
Bollinger bands comprise of a center line usually TX SMA, and two TX 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. The stock price is trading between the average and the lower band in the context of Ternium bollinger bands.
Ternium Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Ternium MACD indicator is below 0 indicating a bearish trend.
Ternium Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 2.91 is the RSI value of TX stock.