Opus Bank Technical Analysis (NASDAQ:OPB)
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 Opus Bank stock price data and volume are plotted in OPB 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 Opus Bank. The technical analysis form of Opus Bank stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Opus Bank Moving Average
Moving averages help predict the price direction of OPB 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 $28.68 is below the price of $29.65.
Opus Bank Bollinger Bands
Bollinger bands comprise of a center line usually OPB SMA, and two OPB 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. Currently the stock price of $29.65 is in the upper range of Opus Bank bollinger bands.
Opus Bank 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 Opus Bank MACD line is above the signal line.
Opus Bank 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. If the RSI of OPB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.