Oasmia Pharma Technical Analysis (NASDAQ:OASM)
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. The Oasmia Pharma stock price data and volume are plotted in OASM stock charts and these trading charts form the basis of technical analysis.
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 Oasmia Pharma. Technical analysis uses an approach for Oasmia Pharma stock analysis that does not care for the fair value of a company but uses price and volume data only.
Oasmia Pharma Moving Average
Moving averages help predict the price direction of OASM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Oasmia Pharma are mostly signals of long term trends and will help long term traders.
Oasmia Pharma Bollinger Bands
Bollinger bands comprise of a center line usually OASM SMA, and two OASM stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $4.65 is in the upper range of Oasmia Pharma bollinger bands.
Oasmia Pharma 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 Oasmia Pharma MACD indicator can be used to identify bullish and bearish trends for the stock.
Oasmia Pharma 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 . The relative strength index of OASM stock is 71.58.