OSI Systems Technical Analysis (NASDAQ:OSIS)
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. Just by looking at the OSI Systems stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the OSIS stock chart which creates a trading signal.
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 OSI Systems. Technical analysis uses an approach for OSI Systems stock analysis that does not care for the fair value of a company but uses price and volume data only.
OSI Systems Moving Average
Moving averages help predict the price direction of OSIS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for OSI Systems are mostly signals of long term trends and will help long term traders.
OSI Systems 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 OSIS stock. Currently the stock price of $77.58 is in the lower range of OSI Systems bollinger bands.
OSI Systems 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 OSI Systems MACD indicator can be used to identify bullish and bearish trends for the stock.
OSI Systems 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. 51.3 is the RSI value of OSIS stock.