Orion Group Technical Analysis (NYSE:ORN)
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 ORN stock chart pattern can give those who understand technical analysis an indication of which way ORN stock is headed, but cannot predict with 100% certainty as to what can happen to the Orion Group stock price.
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 Orion Group. The technical analysis form of Orion Group stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Orion Group Moving Average
Moving averages show the average price of ORN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $6.91 is below the price of $7.43.
Orion Group Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Orion Group. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Orion Group bollinger bands.
Orion Group 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 Orion Group MACD line is above the signal line.
Orion Group 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 ORN stock is 89.6.