OmniVision Technologies Technical Analysis (NASDAQ:OVTI)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the OmniVision Technologies 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 OVTI 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 OmniVision Technologies. The technical analysis form of OmniVision Technologies stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
OmniVision Technologies Moving Average
Moving averages help predict the price direction of OVTI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $28.78 is below the price of $29.38.
OmniVision Technologies 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 OVTI stock. OmniVision Technologies bollinger bands show that the stock price is $29.38, upper band is 29.43, lower band is 28.14, and the average is 28.78.
OmniVision Technologies 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 OmniVision Technologies MACD indicator is below 0 indicating a bearish trend.
OmniVision Technologies 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 . If the RSI of OVTI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.