Old Point Financial Technical Analysis (NASDAQ:OPOF)
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. A OPOF stock chart pattern can give those who understand technical analysis an indication of which way OPOF stock is headed, but cannot predict with 100% certainty as to what can happen to the Old Point Financial stock price.
See Old Point Financial bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Old Point Financial stock analysis using these technical indicators helps identify trading opportunities.
Old Point Financial Moving Average:
OPOF stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Old Point Financial chart patterns after the calculations remain the same. The 100 day moving average of 30.53 is below the last closing price of 32.62. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Old Point Financial are mostly signals of long term trends and will help long term traders.
Old Point Financial Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Old Point Financial. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Old Point Financial bollinger bands show that the stock price is $32.62, upper band is 21.3, lower band is 20.41, and the average is 20.86.
Old Point Financial 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 Old Point Financial MACD line is below the signal line.
Old Point Financial 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 OPOF stock is 39.62. .