OGE Energy Technical Analysis (NYSE:OGE)
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 OGE stock chart pattern can give those who understand technical analysis an indication of which way OGE stock is headed, but cannot predict with 100% certainty as to what can happen to the OGE Energy stock price.
See OGE Energy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of OGE Energy stock analysis.
OGE Energy Moving Average
Moving averages show the OGE 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $36.27 is below the price of $36.96.
OGE Energy Bollinger Bands
Bollinger bands comprise of a center line usually OGE SMA, and two OGE 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. OGE Energy bollinger bands show that the stock price is $36.96, upper band is 37.04, lower band is 35.5, and the average is 36.27.
OGE Energy 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 OGE Energy MACD indicator is above 0 indicating a bullish trend.
OGE Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 65.13 is the RSI value of OGE stock.