Orrstown Financial Services Technical Analysis (NASDAQ:ORRF)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. The Orrstown Financial Services stock price data and volume are plotted in ORRF 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 Orrstown Financial Services. 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 Orrstown Financial Services stock analysis.
Orrstown Financial Services Moving Average:
Moving averages show the ORRF stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Orrstown Financial Services are mostly signals of long term trends and will help long term traders.
Orrstown Financial Services Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Orrstown Financial Services. 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 Orrstown Financial Services bollinger bands.
Orrstown Financial Services 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 Orrstown Financial Services MACD indicator can be used to identify bullish and bearish trends for the stock.
Orrstown Financial Services Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. 50 is the RSI value of ORRF stock. .