Tri Continental Technical Analysis (NYSE:TY)
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 TY Chart pattern can give those who understand technical analysis an indication of which way TY stock is headed, but cannot predict with 100% certainty as to what can happen to the Tri Continental 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 Tri Continental. The technical analysis form of Tri Continental Analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Tri Continental Moving Average
Moving averages show the average price of TY stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Tri Continental are mostly signals of long term trends and will help long term traders.
Tri Continental Bollinger Bands
Bollinger bands comprise of a center line usually TY SMA, and two TY 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 Price moves closer towards the lower band. Currently the Price of $27.85 is in the lower range of Tri Continental bollinger bands.
Tri Continental Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the Price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current Price trend could come to an end, when the Price diverges from MACD. The Tri Continental MACD line is above the signal line.
Tri Continental Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of TY stock is 39.18.