Otonomy Technical Analysis (NASDAQ:OTIC)

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$2.65 $0.05 (1.92%) OTIC stock closing price Sep 17, 2018 (Closing)

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 Otonomy stock price data and volume are plotted in OTIC stock charts and these trading charts form the basis of technical analysis.

See Otonomy 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 Otonomy stock analysis.

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Otonomy Moving Average

Moving averages show the OTIC 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $2.87 is above the price of $2.65.

Otonomy Bollinger Bands

Bollinger bands comprise of a center line usually OTIC SMA, and two OTIC 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. Currently the stock price of $2.65 is in the lower range of Otonomy bollinger bands.

Otonomy 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 Otonomy MACD line is above the signal line.

Otonomy 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 . 26.32 is the RSI value of OTIC stock.