Tortoise Energy Infrastructure Technical Analysis (NYSE:TYG)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical Charts or trading charts. Just by looking at the Tortoise Energy Infrastructure Price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the TYG Chart which creates a trading signal.
See Tortoise Energy Infrastructure bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use Price movements for this form of Tortoise Energy Infrastructure Analysis.
Tortoise Energy Infrastructure Moving Average
Moving averages show the TYG Price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $25.81 is below the price of $27.27.
Tortoise Energy Infrastructure Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Tortoise Energy Infrastructure. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the Price of $27.27 is in the upper range of Tortoise Energy Infrastructure bollinger bands.
Tortoise Energy Infrastructure Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the Price trend, as the indicator is useful in understanding the strength, direction and momentum of the Price. The Tortoise Energy Infrastructure MACD indicator is above 0 indicating a bullish trend.
Tortoise Energy Infrastructure 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. 67.43 is the RSI value of TYG stock.