- OsMA is a combination of an oscillator and the moving average of that oscillator. It measures the distance between these two values.
- An outside day is a daily price action that has a higher high and lower low than the previous price bar.
- An outside reversal is a two-day price pattern that suggests a reversal if it goes against the existing trend.
- Overbought refers to a security whose price is higher than its intrinsic value.
- The parabolic SAR indicator (stop and reverse) is used by technical traders to identify trends and reversals.
- Pennants are continuation patterns in which a period of consolidation is followed by a breakout used in technical analysis.
- The Pivot Point is an intraday technical indicator used to identify trends and reversals, mainly in the stock, commodity and forex markets.
- X is created when the price increases by a given amount, called the box size. O is created when the price falls by the size of the box.
- The Rate of Change (ROC) oscillator is an unlimited momentum indicator used in technical analysis, set against the midpoint of the zero level.
- A target price is an analyst’s forecast of the future price of a security at which, in the analyst’s opinion, the stock is valued fairly.