OneBeacon Insurance Technical Analysis (NYSE:OB)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the OneBeacon Insurance 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 OB stock chart which creates a trading signal.
See OneBeacon Insurance bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for OneBeacon Insurance stock analysis that does not care for the fair value of a company but uses price and volume data only.
OneBeacon Insurance Moving Average
Moving averages help predict the price direction of OB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $18.1 is above the price of $18.09.
OneBeacon Insurance 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 OB stock. Currently the stock price of $18.09 is in the lower range of OneBeacon Insurance bollinger bands.
OneBeacon Insurance 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 OneBeacon Insurance MACD line is below the signal line.
OneBeacon Insurance Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 86.67 is the RSI value of OB stock.