OptimumBank Technical Analysis (NASDAQ:OPHC)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The OptimumBank stock price data and volume are plotted in OPHC stock charts and these trading charts form the basis of technical analysis.
See OptimumBank bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for OptimumBank stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
OptimumBank Moving Average:
Moving averages help predict the price direction of OPHC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. Moving averages can be used for OPHC trend identification. A rising moving average shows that stock prices are generally increasing.
OptimumBank Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like OptimumBank. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of OptimumBank bollinger bands.
OptimumBank 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 OptimumBank MACD indicator can be used to identify bullish and bearish trends for the stock.
OptimumBank 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 . 69.7 is the RSI value of OPHC stock. .