On Deck Capital Technical Analysis (NYSE:ONDK)
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. The On Deck Capital stock price data and volume are plotted in ONDK stock charts and these trading charts form the basis of technical analysis.
See On Deck Capital bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of On Deck Capital stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
On Deck Capital Moving Average
Moving averages help predict the price direction of ONDK 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 $6.79 is below the price of $7.62.
On Deck Capital Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like On Deck Capital. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $7.62 is in the upper range of On Deck Capital bollinger bands.
On Deck Capital 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 On Deck Capital MACD indicator is below 0 indicating a bearish trend.
On Deck Capital 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. The relative strength index of ONDK stock is 83.87.