Ocean Bio-Chem Technical Analysis (NASDAQ:OBCI)
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. A OBCI stock chart pattern can give those who understand technical analysis an indication of which way OBCI stock is headed, but cannot predict with 100% certainty as to what can happen to the Ocean Bio-Chem stock price.
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 Ocean Bio-Chem. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Ocean Bio-Chem stock analysis using these technical indicators helps identify trading opportunities.
Ocean Bio-Chem Moving Average:
Moving averages help predict the price direction of OBCI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. Moving averages can be used for OBCI trend identification. A rising moving average shows that stock prices are generally increasing.
Ocean Bio-Chem Bollinger Bands:
Bollinger bands comprise of a center line usually OBCI SMA, and two OBCI 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. Ocean Bio-Chem bollinger bands show that the stock price is $4.85, upper band is 1.86, lower band is 1.67, and the average is 1.77.
Ocean Bio-Chem 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 Ocean Bio-Chem MACD line is above the signal line.
Ocean Bio-Chem Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of OBCI stock is 52.17. .