Omnicell Technical Analysis (NASDAQ:OMCL)
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 Omnicell stock price data and volume are plotted in OMCL stock charts and these trading charts form the basis of technical analysis.
See Omnicell bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Omnicell stock analysis that does not care for the fair value of a company but uses price and volume data only.
Omnicell Moving Average
Moving averages help predict the price direction of OMCL stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $43.95 is above the price of $42.95.
Omnicell Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Omnicell. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Omnicell bollinger bands.
Omnicell 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 Omnicell MACD line is above the signal line.
Omnicell Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 54.81 is the RSI value of OMCL stock.