Oneida Financial Technical Analysis (NASDAQ:ONFC)
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 Oneida Financial stock price data and volume are plotted in ONFC stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Oneida Financial. Technical analysis uses an approach for Oneida Financial stock analysis that does not care for the fair value of a company but uses price and volume data only.
Oneida Financial Moving Average
Moving averages show the ONFC 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Oneida Financial are mostly signals of long term trends and will help long term traders.
Oneida Financial Bollinger Bands
Bollinger bands comprise of a center line usually ONFC SMA, and two ONFC 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. The stock price is trading between the average and the lower band in the context of Oneida Financial bollinger bands.
Oneida Financial 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 Oneida Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
Oneida Financial 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 . The relative strength index of ONFC stock is 30.12.