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OPTIBASE LTD (OBAS) Stock Technical Analysis

USA - Nasdaq - NASDAQ:OBAS - Common Stock

12.59
+0.46 (+3.79%)
Last: 3/22/2022, 8:23:17 PM
12.23
-0.36 (-2.86%)
After Hours: 3/22/2022, 8:23:17 PM
Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to OBAS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OBAS is showing a nice and steady performance.

  • 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.
  • The long and short term trends are both positive. This is looking good!
  • OBAS is part of the Real Estate Management & Development industry. There are 63 other stocks in this industry. OBAS outperforms 87% of them.
  • 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.
Weekly and Daily overview Charts
OPTIBASE LTD / OBAS Weekly stock chart
OPTIBASE LTD / OBAS Daily stock chart
Setup Rating and Analysis

2

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.

Support and Resistance Analysis

9.81

12.94

5 important support areas can be observed.

  • 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.

We found 1 important resistance 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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for OBAS is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for OBAS is up.
ChartMill Relative Strength87.03POSITIVEOBAS has a high relative strength, it outperformed 87.03% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNMIXEDThe current price of OBAS is above a declining SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of OBAS is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of OBAS is above the rising SMA(200).
Relative Strength Index/RSI (14)59.3NEUTRALThe RSI value for OBAS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests OBAS has a negative trend, although the MACD value is rising.
Stochastics (14,3)57.22NEUTRALThe Stochastics value for OBAS is a neutral value.
Average True Range in percent/ATR (20)2.63MEDIUM VOLATILITYThe ATR as a percentage value for OBAS suggests some volalility.
Chart- and CandleStick Pattern Analysis
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)
OPTIBASE LTD / OBAS Daily stock chart

OPTIBASE LTD

NASDAQ:OBAS (3/22/2022, 8:23:17 PM)

After market: 12.23 -0.36 (-2.86%)

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
3 months CRSN/A
6 months CRSN/A
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

OPTIBASE LTD / OBAS FAQ

What is the technical rating for OBAS stock?

ChartMill assigns a technical rating of 7 / 10 to OBAS.


What is the current trend direction of OPTIBASE LTD (OBAS) stock?

The current trend direction for OPTIBASE LTD (OBAS) is Bullish.


Can you provide the RSI signal for OPTIBASE LTD?

OPTIBASE LTD (OBAS) has an RSI value of 59.2983. This indicates that the stock is currently neutral.


Can you provide the MACD signal for OPTIBASE LTD?

The MACD indicator for OPTIBASE LTD (OBAS) has a value of -0.0030836, indicating a bearish trend.


What is the short term momentum for OPTIBASE LTD (OBAS) stock?

The short term momentum for OPTIBASE LTD (OBAS) is positive.