OMNIAB INC (OABI) Stock Technical Analysis
NASDAQ:OABI - US68218J1034 - Common Stock
1.85 USD
+0.05 (+2.78%)
1.85 USD
0 (0%)
Taking everything into account, OABI scores 2 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.
86% of all other stocks performed better in the past year than OABI.
OABI is part of the Life Sciences Tools & Services industry. There are 54 other stocks in this industry, of which 71% are performing better than OABI.
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 1.69 - 2.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, OABI does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for OABI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.77
2.75
We found 1 important support area.
- Support @1.79 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.91 to 1.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.01 to 2.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.11 from a horizontal line in the weekly time frame.
- Resistance @2.72 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 | 14.55 | NEGATIVE | OABI has a low relative strength, it was outperformed by 85.45% 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) | UP | MIXED | The current price of OABI is below the rising 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) | 43.65 | 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) | 34.98 | 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) | 19.7 | NEGATIVE | The low ADX value for OABI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.85
+0.05 (+2.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg2.78%
1 Week-7.96%
2 Weeks-6.09%
1 Month-11.9%
3 Month34.06%
6 Month-49.32%
12 Month-56.78%
2 Year-68.1%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%6.26%
ATR Inc-0.72%
Range Today0.13
ADR(20)0.11
ADR(20)%6.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.55
Mansfield-4.28
10 Day High2.09
10 Day Low1.74
20 Day High2.14
20 Day Low1.69
52 Week High4.87
52 Week Low1.22
CS1 End1.79
CR1 Start1.91
Volume & EV
DER(3)5.38%
DER(5)2.44%
Volume479.60K
Volume Incr1.93%
Vol(5)489.52K
Vol(50)579.34K