NASDAQ:OBIO - US68572M1062 - Common Stock
Overall OBIO gets a technical rating of 0 out of 10. OBIO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, OBIO 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 2.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OBIO in the last couple of days, which is a good sign.
2.39
We found 1 important support area.
We can see 5 important resistance areas.
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 | DOWN | NEGATIVE | The short term trend for OBIO is down. |
ChartMill Relative Strength | 5.47 | NEGATIVE | OBIO has a low relative strength, it was outperformed by 94.53% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OBIO is below a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OBIO is below 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) | 44.75 | NEUTRAL | The RSI value for OBIO is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests OBIO has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 41.67 | NEUTRAL | The Stochastics value for OBIO is a neutral value. |
Average True Range in percent/ATR (20) | 7.46 | HIGH VOLATILITY | The high ATR as a percentage value for OBIO suggests high volalility. |
Average Directional Index/ADX (14) | 32.91 | POSITIVE | The high ADX value value for OBIO suggests a strong trend. |
2.6
+0.05 (+1.96%)