ORCHESTRA BIOMED HOLDINGS IN (OBIO) Stock Technical Analysis
NASDAQ:OBIO - Nasdaq - US68572M1062 - Common Stock - Currency: USD
Taking everything into account, OBIO scores 1 out of 10 in our technical rating. 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.
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.
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 187 other stocks in this industry, of which 77% are performing better than OBIO.
OBIO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month OBIO has a been trading in the 2.60 - 3.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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 3.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.74, 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.
- 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
2.61
5.35
2 important support areas can be observed.
- A support zone ranging from 2.72 to 2.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 2.64 to 2.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 3.00 to 3.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.32 from a horizontal line in the weekly time frame.
- Resistance @3.95 from a trend line in the weekly time frame.
- Resistance @4.09 from a trend line in the weekly time frame.
- Resistance @5.30 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for OBIO is neutral. |
| ChartMill Relative Strength | 5.3 | NEGATIVE | OBIO has a low relative strength, it was outperformed by 94.7% 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) | UP | MIXED | The current price of OBIO is below the rising 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) | 47.39 | 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) | 49.86 | NEUTRAL | The Stochastics value for OBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.73 | HIGH VOLATILITY | The high ATR as a percentage value for OBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.32 | 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)
2.92
-0.08 (-2.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.67%
1 Week1.04%
2 Weeks-2.01%
1 Month-7.89%
3 Month-2.01%
6 Month-46.62%
12 Month-64.08%
2 Year-50.26%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%7.73%
ATR Inc-54.85%
Range Today0.1
ADR(20)0.22
ADR(20)%7.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.3
Mansfield-4.33
10 Day High3.09
10 Day Low2.6
20 Day High3.48
20 Day Low2.6
52 Week High8.87
52 Week Low2.37
CS1 End2.74
CR1 Start3
Volume & EV
DER(3)4.39%
DER(5)3.74%
Volume112.20K
Volume Incr-61.54%
Vol(5)150.98K
Vol(50)294.24K