OMNIAB INC (OABI) Stock Technical Analysis
NASDAQ:OABI • US68218J1034
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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, OABI is a bad performer in the overall market: 88% of all stocks are doing better.
- OABI is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 70% of 58 stocks in the same industry do better.
- OABI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month OABI has a been trading in the 1.64 - 1.99 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, OABI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.70, a Stop Loss order could be placed below this zone.
More info and screens
1.45
3 important support areas can be observed.
- A support zone ranging from 1.69 to 1.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.64 from a horizontal line in the daily time frame.
- A support zone ranging from 1.46 to 1.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 1.72 to 1.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.96 from a horizontal line in the weekly time frame.
- Resistance @2.00 from a trend line in the daily time frame.
- Resistance @2.15 from a horizontal line in the daily time frame.
- Resistance @2.20 from a horizontal line in the daily 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 | 12.32 | NEGATIVE | OABI has a low relative strength, it was outperformed by 87.68% 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) | UP | MIXED | The current price of OABI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.1 | NEUTRAL | The RSI value for OABI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests OABI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.82 | NEUTRAL | The Stochastics value for OABI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.26 | HIGH VOLATILITY | The high ATR as a percentage value for OABI suggests high volalility. |
| Average Directional Index/ADX (14) | 9.28 | NEGATIVE | The low ADX value for OABI suggests a weak or negative trend. |
1.71
+0.01 (+0.59%)
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.
Can you provide the trend direction for OMNIAB INC?
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 41.0976. This indicates that the stock is currently neutral.
What is the MACD signal for OABI stock?
The MACD indicator for OMNIAB INC (OABI) has a value of -0.000396554, indicating a bearish trend.
What is the support and resistance level for OABI stock?
OMNIAB INC (OABI) has a support level at 1.7 and a resistance level at 1.72. Check the full technical report for our detailed analysis of OABI support and resistance levels.