ORCHESTRA BIOMED HOLDINGS IN (OBIO) Technical Analysis
NASDAQ:OBIO • US68572M1062
Taking everything into account, OBIO scores 5 out of 10 in our technical rating. In the last year, OBIO was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, OBIO is a bad performer in the overall market: 65% of all stocks are doing better.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- OBIO is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry. OBIO outperforms 71% of them.
- OBIO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OBIO is lagging the market slightly.
- In the last month OBIO has a been trading in the 3.76 - 4.89 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 only medium, OBIO does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for OBIO 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
3.81
We found 2 important support areas.
- A support zone ranging from 4.19 to 4.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.85 to 3.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.39 to 4.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.63 to 4.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.09 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 | UP | POSITIVE | The long term trend for OBIO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OBIO is neutral. |
| ChartMill Relative Strength | 35.07 | NEUTRAL | OBIO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OBIO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OBIO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OBIO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.55 | NEUTRAL | The RSI value for OBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OBIO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.62 | NEUTRAL | The Stochastics value for OBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.66 | HIGH VOLATILITY | The high ATR as a percentage value for OBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 20.91 | NEUTRAL | The ADX value for OBIO suggests a possible start of a new trend. |
OBIO Technicals: Chart, Performance Metrics, Trend & Indicators
4.2
-0.18 (-4.11%)
ORCHESTRA BIOMED HOLDINGS IN / OBIO FAQ
Can you provide the ChartMill technical rating for ORCHESTRA BIOMED HOLDINGS IN?
ChartMill assigns a technical rating of 5 / 10 to OBIO.
Can you provide the trend direction for ORCHESTRA BIOMED HOLDINGS IN?
The current trend direction for ORCHESTRA BIOMED HOLDINGS IN (OBIO) is Bullish.
Can you provide the RSI signal for ORCHESTRA BIOMED HOLDINGS IN?
ORCHESTRA BIOMED HOLDINGS IN (OBIO) has an RSI value of 47.5476. This indicates that the stock is currently neutral.
What is the short term momentum for OBIO stock?
The short term momentum for ORCHESTRA BIOMED HOLDINGS IN (OBIO) is neutral.
What is the support and resistance level for OBIO stock?
ORCHESTRA BIOMED HOLDINGS IN (OBIO) has a support level at 4.2 and a resistance level at 4.39. Check the full technical report for our detailed analysis of OBIO support and resistance levels.