Omega Protein Technical Analysis (NYSE:OME)

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$22 $0.05 (0.23%) OME stock closing price Dec 19, 2017 (Closing)

Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The OME stock chart pattern can give those who understand technical analysis an indication of which way OME stock is headed, but cannot predict with 100% certainty as to what can happen to the Omega Protein stock price.

View technical indicators like moving averages - SMA and EMA, and bollinger bands for Omega Protein. Technical analysis uses an approach for Omega Protein stock analysis that does not care for the fair value of a company but uses price and volume data only.

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Omega Protein Moving Average

Moving averages show the average price of OME stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $21.95 is below the price of $22.

Omega Protein Bollinger Bands

Bollinger bands consist of two price bands above and below a center line for any company stock like Omega Protein. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $22 is in the upper range of Omega Protein bollinger bands.

Omega Protein 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 Omega Protein MACD indicator can be used to identify bullish and bearish trends for the stock.

Omega Protein 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 OME stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.