OBA Financial Services Technical Analysis (NASDAQ:OBAF)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The OBA Financial Services stock price data and volume are plotted in OBAF 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 OBA Financial Services. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking OBA Financial Services stock analysis using these technical indicators helps identify trading opportunities.
OBA Financial Services Moving Average:
OBAF stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of OBA Financial Services chart patterns after the calculations remain the same. The 100 day moving average of 21.7 is below the last closing price of 22.75. The 20 day moving average of $22.34 is below the last closing price of $22.75 and the 50 day moving average of $21.88 is below the $22.75 price. The 10 and 20 day periods can predict short term moving average trends.
OBA Financial Services 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 OBAF stock. Currently the stock price of $22.75 is in the lower range of OBA Financial Services bollinger bands.
OBA Financial Services Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The OBA Financial Services MACD indicator can be used to identify bullish and bearish trends for the stock.
OBA Financial Services 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 . If the RSI of OBAF stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .