Oak Valley Bancorp Technical Analysis (NASDAQ:OVLY)
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. A OVLY stock chart pattern can give those who understand technical analysis an indication of which way OVLY stock is headed, but cannot predict with 100% certainty as to what can happen to the Oak Valley Bancorp stock price.
See Oak Valley Bancorp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Oak Valley Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Oak Valley Bancorp Moving Average:
Moving averages show the average price of OVLY stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer OVLY stock price movement for the moving average to change course.
Oak Valley Bancorp 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 OVLY stock. The stock price is trading between the average and the lower band in the context of Oak Valley Bancorp bollinger bands.
Oak Valley Bancorp Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Oak Valley Bancorp MACD line is below the signal line.
Oak Valley Bancorp 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. If the RSI of OVLY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .