Orange Technical Analysis (NYSE:ORAN)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The ORAN stock chart pattern can give those who understand technical analysis an indication of which way ORAN stock is headed, but cannot predict with 100% certainty as to what can happen to the Orange stock price.
See Orange bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Orange stock analysis.
Orange Moving Average
Moving averages show the ORAN 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 Orange are mostly signals of long term trends and will help long term traders.
Orange Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Orange. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $15.95 is in the lower range of Orange bollinger bands.
Orange 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 Orange MACD line is above the signal line.
Orange 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 . If the RSI of ORAN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.