Ohio Valley Banc Corp. Technical Analysis (NASDAQ:OVBC)
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. When a chart pattern that can predict future Ohio Valley Banc Corp. stock price movements is formed, the OVBC stock chart can become a key tool for a technical analyst.
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 Ohio Valley Banc Corp.. The technical analysis form of Ohio Valley Banc Corp. stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Ohio Valley Banc Corp. Moving Average:
Moving averages show the average price of OVBC 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 Ohio Valley Banc Corp. are mostly signals of long term trends and will help long term traders.
Ohio Valley Banc Corp. Bollinger Bands:
Bollinger bands comprise of a center line usually OVBC SMA, and two OVBC 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. The stock price is trading between the average and the upper band in the context of Ohio Valley Banc Corp. bollinger bands.
Ohio Valley Banc Corp. Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Ohio Valley Banc Corp. MACD line is below the signal line.
Ohio Valley Banc Corp. Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of OVBC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .