USA - NASDAQ:OBIO - US68572M1062 - Common Stock
We assign a technical rating of 9 out of 10 to OBIO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OBIO is showing a nice and steady performance.
Although OBIO has an excellent technical rating, it does not offer a high 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.
2.40
2 important support areas can be observed.
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 | UP | POSITIVE | The short term trend for OBIO is up. |
| ChartMill Relative Strength | 84.93 | POSITIVE | OBIO has a high relative strength, it outperformed 84.93% 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) | UP | POSITIVE | The current price of OBIO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OBIO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.11 | 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. |
| Stochastics (14,3) | 78.61 | NEUTRAL | The Stochastics value for OBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.47 | HIGH VOLATILITY | The high ATR as a percentage value for OBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 31.6 | POSITIVE | The high ADX value value for OBIO suggests a strong trend. |
4.42
+0.32 (+7.8%)
ChartMill assigns a technical rating of 9 / 10 to OBIO.
The current trend direction for ORCHESTRA BIOMED HOLDINGS IN (OBIO) is Bullish.
ORCHESTRA BIOMED HOLDINGS IN (OBIO) has an RSI value of 68.106. This indicates that the stock is currently neutral.
The MACD indicator for ORCHESTRA BIOMED HOLDINGS IN (OBIO) has a value of 0.00314816, indicating a bearish trend.
ORCHESTRA BIOMED HOLDINGS IN (OBIO) has a support level at 3.85. Check the full technical report for our detailed analysis of OBIO support and resistance levels.