Oasis Petroleum Technical Analysis (NYSE:OAS)
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 Oasis Petroleum 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 OAS stock chart which creates a trading signal.
See Oasis Petroleum 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 Oasis Petroleum stock analysis.
Oasis Petroleum Moving Average
Moving averages help predict the price direction of OAS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $12.35 is above the last closing price of $11.83 and the 50 day moving average of $12.61 is above the last closing price of $11.83. The 10 and 20 day periods can predict short term moving average trends.
Oasis Petroleum Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the OAS stock. Currently the stock price of $11.83 is in the lower range of Oasis Petroleum bollinger bands.
Oasis Petroleum 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 Oasis Petroleum MACD line is above the signal line.
Oasis Petroleum Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of OAS stock is 44.7.