ORCHESTRA BIOMED HOLDINGS IN (OBIO) Stock Technical Analysis
NASDAQ:OBIO - Nasdaq - US68572M1062 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to OBIO. Recently some decent action could be observed, but in the medium term time frame this is still negative. OBIO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, OBIO is a bad performer in the overall market: 95% of all stocks are doing better.
OBIO is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, of which 75% are performing better than OBIO.
OBIO 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 OBIO has a been trading in the 2.60 - 3.50 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Considerably lower volume is observed in the last couple of days.
The technical rating of OBIO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.94
5.88
When analyzing the support we notice one important area.
- A support zone ranging from 2.97 to 2.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 3.35 to 3.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.27 from a trend line in the weekly time frame.
- Resistance @5.05 from a trend line in the weekly time frame.
- Resistance @5.30 from a trend line in the daily time frame.
- Resistance @5.61 from a trend line in the daily time frame.
- Resistance @5.82 from a horizontal line 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 OBIO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OBIO is up. |
| ChartMill Relative Strength | 5.94 | NEGATIVE | OBIO has a low relative strength, it was outperformed by 94.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OBIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OBIO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OBIO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.17 | NEUTRAL | The RSI value for OBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests OBIO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.46 | OVERBOUGHT | The high Stochastics value suggests OBIO may be overbought. |
| Average True Range in percent/ATR (20) | 6.43 | HIGH VOLATILITY | The high ATR as a percentage value for OBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 16.22 | NEGATIVE | The low ADX value for OBIO suggests a weak or negative trend. |
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)
3.34
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0%
1 Week3.09%
2 Weeks18.44%
1 Month26.04%
3 Month-18.14%
6 Month-36.5%
12 Month-58.09%
2 Year-52.29%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%6.43%
ATR Inc-5.02%
Range Today0.21
ADR(20)0.21
ADR(20)%6.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.94
Mansfield-3.82
10 Day High3.51
10 Day Low2.76
20 Day High3.51
20 Day Low2.61
52 Week High8.87
52 Week Low2.37
CS1 End2.99
CR1 Start3.35
Volume & EV
DER(3)6%
DER(5)6.14%
Volume231.92K
Volume Incr41.68%
Vol(5)276.84K
Vol(50)484.95K