Oppenheimer Technical Analysis (NYSE:OPY)
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 Oppenheimer stock price data and volume are plotted in OPY stock charts and these trading charts form the basis of technical analysis.
See Oppenheimer bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Oppenheimer stock analysis that does not care for the fair value of a company but uses price and volume data only.
Oppenheimer Moving Average
Moving averages show the average price of OPY stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Oppenheimer are mostly signals of long term trends and will help long term traders.
Oppenheimer Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the OPY stock. The stock price is trading between the average and the upper band in the context of Oppenheimer bollinger bands.
Oppenheimer 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 Oppenheimer MACD indicator is above 0 indicating a bullish trend.
Oppenheimer Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of OPY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.