We assign a technical rating of 1 out of 10 to OASM. OASM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
OASM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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.
More info and screens
1.03
4 important support areas can be observed.
- Support @1.51 from a trend line in the daily time frame.
- Support @1.48 from a horizontal line in the weekly time frame.
- Support @1.43 from a horizontal line in the daily time frame.
- Support @1.04 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.65 to 1.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.71 to 1.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.93 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.40 to 2.41. This zone is formed by a combination of multiple trend lines 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 OASM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OASM is down. |
| ChartMill Relative Strength | 34.24 | NEUTRAL | OASM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OASM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OASM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OASM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.03 | NEUTRAL | The RSI value for OASM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OASM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.94 | NEUTRAL | The Stochastics value for OASM is a neutral value. |
| Average True Range in percent/ATR (20) | 10.38 | HIGH VOLATILITY | The high ATR as a percentage value for OASM suggests high volalility. |
NASDAQ:OASM (8/21/2019, 8:26:32 PM)
1.55
+0.03 (+1.97%)
Oasmia Pharmaceutical Ab / OASM FAQ
Can you provide the ChartMill technical rating for Oasmia Pharmaceutical Ab?
ChartMill assigns a technical rating of 1 / 10 to OASM.
Can you provide the trend direction for Oasmia Pharmaceutical Ab?
The current trend direction for Oasmia Pharmaceutical Ab (OASM) is Bearish.
What is the RSI signal for Oasmia Pharmaceutical Ab (OASM) stock?
Oasmia Pharmaceutical Ab (OASM) has an RSI value of 46.0276. This indicates that the stock is currently neutral.
What is the MACD signal for OASM stock?
The MACD indicator for Oasmia Pharmaceutical Ab (OASM) has a value of -0.0148013, indicating a bearish trend.
Can you provide the buy/sell signal for Oasmia Pharmaceutical Ab?
The buy/sell signal for Oasmia Pharmaceutical Ab (OASM) is sell as both the short term and long term trends are negative.