OPTIBASE LTD (OBAS) Stock Technical Analysis
NASDAQ:OBAS - Nasdaq - Common Stock
Overall OBAS gets a technical rating of 8 out of 10. Both in the recent history as in the last year, OBAS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: OBAS has an average volume of 5052 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
OBAS is one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 82% of 64 stocks in the same industry.
Looking at the yearly performance, OBAS did better than 87% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
OBAS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OBAS is lagging the market.
In the last month OBAS has a been trading in the 11.29 - 13.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although OBAS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.81
12.94
When analyzing the support we can see 5 important areas.
- Support @12.53 from a horizontal line in the daily time frame.
- A support zone ranging from 11.91 to 12.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.55 to 11.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @10.32 from a trend line in the weekly time frame.
- A support zone ranging from 9.91 to 10.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.63 to 12.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for OBAS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OBAS is up. |
| ChartMill Relative Strength | 87.03 | POSITIVE | OBAS has a high relative strength, it outperformed 87.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OBAS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OBAS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OBAS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.3 | NEUTRAL | The RSI value for OBAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests OBAS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.22 | NEUTRAL | The Stochastics value for OBAS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for OBAS suggests some volalility. |
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)
12.59
+0.46 (+3.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg3.79%
1 Week3.24%
2 Weeks2.19%
1 Month-0.55%
3 Month14.45%
6 Month17.33%
12 Month13.42%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%2.63%
ATR Inc92.94%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.03
Mansfield0.37
10 Day High12.59
10 Day Low12.11
20 Day High13.52
20 Day Low11.29
52 Week High14.64
52 Week Low9.1
CS1 End12.53
CR1 Start12.63
Volume & EV
DER(3)0%
DER(5)1.54%
Volume1.40K
Volume Incr-71.48%
Vol(5)740
Vol(50)5.05K