OneMain Holdings Technical Analysis (NYSE:OMF)
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. Just by looking at the OneMain Holdings 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 OMF stock chart which creates a trading signal.
See OneMain Holdings bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for OneMain Holdings stock analysis that does not care for the fair value of a company but uses price and volume data only.
OneMain Holdings Moving Average
Moving averages show the OMF 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. The 20 day moving average of $35.15 is below the last closing price of $35.23 and the 50 day moving average of $34.33 is below the last closing price of $35.23. The 10 and 20 day periods can predict short term moving average trends.
OneMain Holdings Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like OneMain Holdings. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $35.23 is in the upper range of OneMain Holdings bollinger bands.
OneMain Holdings 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 OneMain Holdings MACD line is above the signal line.
OneMain Holdings 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. 59.86 is the RSI value of OMF stock.