OABI Technical Analysis - OMNIAB INC

Technical Rating and Analysis

Taking everything into account, OABI scores 0 out of 10 in our technical rating. 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.

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: 94% of all stocks are doing better.

OABI is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 77% of 55 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 1.51 - 1.94 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been consolidating recently, but much resistance may still be present above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, OABI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.61, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.49

2.58

2 important support areas can be observed.

A support zone ranging from 1.57 to 1.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.51 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 1.65 to 1.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @1.89 from a trend line in the daily time frame.
Resistance @2.55 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	6.33	NEGATIVE	OABI has a low relative strength, it was outperformed by 93.67% 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)	43.01	NEUTRAL	The RSI value for OABI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests OABI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	55.81	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)	25.69	POSITIVE	The high ADX value value for OABI suggests a strong trend.