Oritani Financial Technical Analysis (NASDAQ:ORIT)
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 Oritani Financial stock price data and volume are plotted in ORIT stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Oritani Financial. Technical analysis uses an approach for Oritani Financial stock analysis that does not care for the fair value of a company but uses price and volume data only.
Oritani Financial Moving Average
Moving averages help predict the price direction of ORIT stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $16.34 is below the last closing price of $16.95 and the 50 day moving average of $15.77 is below the last closing price of $16.95. The 10 and 20 day periods can predict short term moving average trends.
Oritani Financial Bollinger Bands
Bollinger bands comprise of a center line usually ORIT SMA, and two ORIT 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 upper band in the context of Oritani Financial bollinger bands.
Oritani 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 Oritani Financial MACD line is above the signal line.
Oritani 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 . 86.21 is the RSI value of ORIT stock.