Oritani Financial Technical Analysis (NASDAQ:ORIT)
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. A ORIT stock chart pattern can give those who understand technical analysis an indication of which way ORIT stock is headed, but cannot predict with 100% certainty as to what can happen to the Oritani Financial stock price.
See Oritani Financial 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 stock price movements for this form of Oritani Financial stock analysis.
Oritani Financial Moving Average:
Moving averages show the ORIT stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A key factor that impacts moving averages is the lag factor. The 20 day moving average of $3.63 is below the price of $18.25.
Oritani Financial Bollinger Bands:
Bollinger bands comprise of a center line usually ORIT SMA, and two ORIT stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Oritani Financial bollinger bands show that the stock price is $18.25, upper band is 9.22, lower band is 6.52, and the average is 7.87.
Oritani Financial 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 Oritani Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
Oritani Financial 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 . 78.62 is the RSI value of ORIT stock. .