OmniVision Technologies Technical Analysis (NASDAQ:OVTI)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. A OVTI stock chart pattern can give those who understand technical analysis an indication of which way OVTI stock is headed, but cannot predict with 100% certainty as to what can happen to the OmniVision Technologies stock price.
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. Technical analysis uses an approach for OmniVision Technologies stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
OmniVision Technologies Moving Average:
Moving averages show the average price of OVTI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. Moving averages can be used for OVTI trend identification. A rising moving average shows that stock prices are generally increasing.
OmniVision Technologies Bollinger Bands:
Bollinger bands comprise of a center line usually OVTI SMA, and two OVTI stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of OmniVision Technologies bollinger bands.
OmniVision Technologies Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The OmniVision Technologies MACD indicator is above 0 indicating a bullish 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 . 77.78 is the RSI value of OVTI stock. .