BLUE OWL CAPITAL CORP (OBDC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OBDC - US69121K1043 - Common Stock
Taking everything into account, OBDC scores 0 out of 10 in our technical rating. OBDC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 78% of all other stocks performed better in the past year than OBDC.
- OBDC is one of the lesser performing stocks in the Capital Markets industry. 64% of 238 stocks in the same industry do better.
- OBDC 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 OBDC has a been trading in the 12.19 - 13.03 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- OBDC has an average volume of 5352240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, OBDC 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 12.66. Right above this resistance zone may be a good entry point.
More info and screens
11.62
When analyzing the support we can see 2 important areas.
- Support @12.37 from a trend line in the daily time frame.
- A support zone ranging from 11.74 to 11.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 12.66 to 13.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.24 from a horizontal line in the daily time frame.
- A resistance zone ranging from 13.49 to 13.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.31 to 14.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @14.72 from a horizontal line in the daily time frame.
- Resistance @15.47 from a horizontal 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 OBDC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OBDC is neutral. |
| ChartMill Relative Strength | 22.58 | NEGATIVE | OBDC has a low relative strength, it was outperformed by 77.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OBDC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OBDC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OBDC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.2 | NEUTRAL | The RSI value for OBDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OBDC has a positive trend. |
| Stochastics (14,3) | 74.36 | NEUTRAL | The Stochastics value for OBDC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for OBDC suggests low volalility. |
| Average Directional Index/ADX (14) | 12.32 | NEGATIVE | The low ADX value for OBDC suggests a weak or negative trend. |
12.61
-0.12 (-0.94%)
BLUE OWL CAPITAL CORP / OBDC FAQ
What is the technical rating for OBDC stock?
ChartMill assigns a technical rating of 0 / 10 to OBDC.
What is the current trend direction of BLUE OWL CAPITAL CORP (OBDC) stock?
The current trend direction for BLUE OWL CAPITAL CORP (OBDC) is Bearish.
What is the RSI signal for OBDC stock?
BLUE OWL CAPITAL CORP (OBDC) has an RSI value of 48.1951. This indicates that the stock is currently neutral.
What is the MACD signal for OBDC stock?
The MACD indicator for BLUE OWL CAPITAL CORP (OBDC) has a value of 0.0142115, indicating a bearish trend.
What is the support and resistance level for OBDC stock?
BLUE OWL CAPITAL CORP (OBDC) has a support level at 12.37 and a resistance level at 12.66. Check the full technical report for our detailed analysis of OBDC support and resistance levels.