OMNIAB INC (OABI) Technical Analysis
NASDAQ:OABI • US68218J1034
Current stock price
OABI Technical Rating and Analysis
Taking everything into account, OABI scores 0 out of 10 in our technical rating. OABI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, OABI is a bad performer in the overall market: 87% of all stocks are doing better.
- OABI is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 70% of 56 stocks in the same industry do better.
- OABI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- OABI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OABI is lagging the market slightly.
OABI Weekly and Daily overview Charts
OABI Setup Rating and Analysis
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
OABI Support and Resistance Analysis
1.36
3 important support areas can be observed.
- Support @1.52 from a trend line in the daily time frame.
- Support @1.48 from a trend line in the weekly time frame.
- A support zone ranging from 1.37 to 1.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 7 important resistance areas.
- Resistance @1.58 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.72 to 1.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.80 from a trend line in the weekly time frame.
- Resistance @1.94 from a trend line in the daily time frame.
- Resistance @2.10 from a horizontal line in the weekly 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.
OABI Technical Indicator Signal Analysis
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 | 13.54 | NEGATIVE | OABI has a low relative strength, it was outperformed by 86.46% 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) | 34.85 | NEUTRAL | The RSI value for OABI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OABI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.09 | OVERSOLD | The low Stochastics value suggests OABI may be oversold. |
| Average True Range in percent/ATR (20) | 6.59 | HIGH VOLATILITY | The high ATR as a percentage value for OABI suggests high volalility. |
| Average Directional Index/ADX (14) | 22.53 | NEUTRAL | The ADX value for OABI suggests a possible start of a new trend. |
OABI Chart- and CandleStick Pattern Analysis
OABI Technicals: Chart, Performance Metrics, Trend & Indicators
1.54
-0.02 (-1.28%)
OMNIAB INC / OABI TA 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 current trend direction of OMNIAB INC (OABI) stock?
The current trend direction for OMNIAB INC (OABI) is Bearish.
Can you provide the RSI signal for OMNIAB INC?
OMNIAB INC (OABI) has an RSI value of 34.8469. This indicates that the stock is currently neutral.
What is the buy/sell signal for OMNIAB INC (OABI) stock?
The buy/sell signal for OMNIAB INC (OABI) is sell as both the short term and long term trends are negative.
What is the support and resistance level for OABI stock?
OMNIAB INC (OABI) has a support level at 1.52 and a resistance level at 1.58. Check the full technical report for our detailed analysis of OABI support and resistance levels.