Odyssey Marine Exploration Technical Analysis (NASDAQ:OMEX)
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. Just by looking at the Odyssey Marine Exploration stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the OMEX stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Odyssey Marine Exploration. The technical analysis form of Odyssey Marine Exploration stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Odyssey Marine Exploration Moving Average
Moving averages show the average price of OMEX stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Odyssey Marine Exploration are mostly signals of long term trends and will help long term traders.
Odyssey Marine Exploration Bollinger Bands
Bollinger bands comprise of a center line usually OMEX SMA, and two OMEX 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. Odyssey Marine Exploration bollinger bands show that the stock price is $8.7, upper band is 8.32, lower band is 6.32, and the average is 7.32.
Odyssey Marine Exploration 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 Odyssey Marine Exploration MACD line is above the signal line.
Odyssey Marine Exploration 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 OMEX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.