Orbital Sciences Technical Analysis (NYSE:ORB)
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. Just by looking at the Orbital Sciences stock 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 ORB stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Orbital Sciences. The technical analysis form of Orbital Sciences stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Orbital Sciences Moving Average:
ORB stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Orbital Sciences chart patterns after the calculations remain the same. The 100 day moving average of 4.86 is below the last closing price of 28.85. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Orbital Sciences are mostly signals of long term trends and will help long term traders.
Orbital Sciences Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Orbital Sciences stock price relative to previous trades. Orbital Sciences bollinger bands show that the stock price is $28.85, upper band is 837.91, lower band is 767.04, and the average is 802.48.
Orbital Sciences 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 Orbital Sciences MACD indicator can be used to identify bullish and bearish trends for the stock.
Orbital Sciences Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 89.91 is the RSI value of ORB stock. .