Old Line Bancshares Technical Analysis (NASDAQ:OLBK)
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 OLBK stock chart pattern can give those who understand technical analysis an indication of which way OLBK stock is headed, but cannot predict with 100% certainty as to what can happen to the Old Line Bancshares stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Old Line Bancshares. Technical analysis uses an approach for Old Line Bancshares stock analysis that does not care for the fair value of a company but uses price and volume data only.
Old Line Bancshares Moving Average
Moving averages help predict the price direction of OLBK stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $34.53 is below the last closing price of $34.55 and the 50 day moving average of $34.43 is below the last closing price of $34.55. The 10 and 20 day periods can predict short term moving average trends.
Old Line Bancshares Bollinger Bands
Bollinger bands comprise of a center line usually OLBK SMA, and two OLBK 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. The stock price is trading between the average and the upper band in the context of Old Line Bancshares bollinger bands.
Old Line Bancshares 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 Old Line Bancshares MACD indicator can be used to identify bullish and bearish trends for the stock.
Old Line Bancshares 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 . 45.27 is the RSI value of OLBK stock.