OBLONG INC (OBLG) Stock Technical Analysis
NASDAQ:OBLG - Nasdaq - US6744343038 - Common Stock - Currency: USD
Taking everything into account, OBLG scores 6 out of 10 in our technical rating. In the last year, OBLG 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, OBLG is a bad performer in the overall market: 85% of all stocks are doing better.
OBLG is part of the Software industry. There are 284 other stocks in this industry, of which 69% are performing better than OBLG.
OBLG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OBLG is lagging the market.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month OBLG has a been trading in the 2.91 - 4.50 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.
OBLG has an average technical rating and also the quality of the setup is only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
3.06
4.27
2 important support areas can be observed.
- A support zone ranging from 3.25 to 3.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.09 to 3.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.81 to 3.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.94 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 4.21 to 4.23. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for OBLG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OBLG is up. |
| ChartMill Relative Strength | 15.74 | NEGATIVE | OBLG has a low relative strength, it was outperformed by 84.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OBLG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OBLG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OBLG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.93 | NEUTRAL | The RSI value for OBLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OBLG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.64 | NEUTRAL | The Stochastics value for OBLG is a neutral value. |
| Average True Range in percent/ATR (20) | 12.71 | HIGH VOLATILITY | The high ATR as a percentage value for OBLG suggests high volalility. |
| Average Directional Index/ADX (14) | 26.61 | POSITIVE | The high ADX value value for OBLG suggests a strong 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)
3.6
-0.43 (-10.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-10.67%
1 Week16.13%
2 Weeks0%
1 Month0.28%
3 Month7.46%
6 Month-3.23%
12 Month-44.48%
2 Year-93.62%
3 Year-98.06%
5 Year-99.6%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%12.71%
ATR Inc-14.48%
Range Today0.38
ADR(20)0.44
ADR(20)%12.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.74
Mansfield-1.52
10 Day High4.5
10 Day Low2.91
20 Day High4.5
20 Day Low2.91
52 Week High8.95
52 Week Low1.91
CS1 End3.28
CR1 Start3.81
Volume & EV
DER(3)-10.17%
DER(5)-5.22%
Volume63.50K
Volume Incr86.36%
Vol(5)330.20K
Vol(50)550.39K