Ocean Bio-Chem Technical Analysis (NASDAQ:OBCI)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Ocean Bio-Chem stock price data and volume are plotted in OBCI stock charts and these trading charts form the basis of technical analysis.
See Ocean Bio-Chem bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Ocean Bio-Chem stock analysis that does not care for the fair value of a company but uses price and volume data only.
Ocean Bio-Chem Moving Average
Moving averages show the OBCI stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $4.27 is above the last closing price of $4.2 and the 50 day moving average of $3.93 is below the last closing price of $4.2. The 10 and 20 day periods can predict short term moving average trends.
Ocean Bio-Chem Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Ocean Bio-Chem. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Ocean Bio-Chem bollinger bands show that the stock price is $4.2, upper band is 4.55, lower band is 3.98, and the average is 4.27.
Ocean Bio-Chem 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 Ocean Bio-Chem MACD line is below the signal line.
Ocean Bio-Chem 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 OBCI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.