OBLONG INC (OBLG) Stock Technical Analysis
USA - NASDAQ:OBLG - US6744343038 - Common Stock
We assign a technical rating of 0 out of 10 to OBLG. OBLG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, OBLG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.55, a Stop Loss order could be placed below this zone.
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2.42
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.51 to 2.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.44 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.76 to 2.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.91 to 2.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.07 from a horizontal line in the daily time frame.
- Resistance @3.83 from a trend line in the weekly 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 OBLG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OBLG is down. |
| ChartMill Relative Strength | 10.39 | NEGATIVE | OBLG has a low relative strength, it was outperformed by 89.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OBLG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OBLG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OBLG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.78 | NEUTRAL | The RSI value for OBLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OBLG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.33 | NEUTRAL | The Stochastics value for OBLG is a neutral value. |
| Average True Range in percent/ATR (20) | 10.15 | HIGH VOLATILITY | The high ATR as a percentage value for OBLG suggests high volalility. |
| Average Directional Index/ADX (14) | 26.62 | POSITIVE | The high ADX value value for OBLG suggests a strong trend. |
2.62
+0.12 (+4.8%)
OBLONG INC / OBLG FAQ
Can you provide the ChartMill technical rating for OBLONG INC?
ChartMill assigns a technical rating of 0 / 10 to OBLG.
What is the trend direction for OBLG stock?
The current trend direction for OBLONG INC (OBLG) is Bearish.
What is the RSI signal for OBLG stock?
OBLONG INC (OBLG) has an RSI value of 45.7761. This indicates that the stock is currently neutral.
What is the MACD signal for OBLONG INC (OBLG) stock?
The MACD indicator for OBLONG INC (OBLG) has a value of -0.0315641, indicating a bearish trend.
What is the support and resistance level for OBLG stock?
OBLONG INC (OBLG) has a support level at 2.55 and a resistance level at 2.76. Check the full technical report for our detailed analysis of OBLG support and resistance levels.