OMNIAB INC (OABI) Stock Technical Analysis
USA - NASDAQ:OABI - US68218J1034 - Common Stock
We assign a technical rating of 0 out of 10 to OABI. OABI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of OABI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
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3 important resistance areas can be observed.
- A resistance zone ranging from 1.62 to 1.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.73 from a trend line in the daily time frame.
- Resistance @2.28 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for OABI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OABI is down. |
| ChartMill Relative Strength | 3.84 | NEGATIVE | OABI has a low relative strength, it was outperformed by 96.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OABI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OABI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OABI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.88 | NEUTRAL | The RSI value for OABI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests OABI has a negative trend. |
| Stochastics (14,3) | 3.64 | OVERSOLD | The low Stochastics value suggests OABI may be oversold. |
| Average True Range in percent/ATR (20) | 7.29 | HIGH VOLATILITY | The high ATR as a percentage value for OABI suggests high volalility. |
| Average Directional Index/ADX (14) | 15.59 | NEGATIVE | The low ADX value for OABI suggests a weak or negative trend. |
1.47
-0.08 (-5.16%)
OMNIAB INC / OABI FAQ
What is the ChartMill technical rating of OMNIAB INC (OABI) stock?
ChartMill assigns a technical rating of 0 / 10 to OABI.
What is the trend direction for OABI stock?
The current trend direction for OMNIAB INC (OABI) is Bearish.
What is the RSI signal for OMNIAB INC (OABI) stock?
OMNIAB INC (OABI) has an RSI value of 36.8837. This indicates that the stock is currently neutral.
What is the short term momentum for OMNIAB INC (OABI) stock?
The short term momentum for OMNIAB INC (OABI) is negative.
Can you provide the buy/sell signal for OMNIAB INC?
The buy/sell signal for OMNIAB INC (OABI) is sell as both the short term and long term trends are negative.