OBLONG INC (OBLG) Stock Technical Analysis
NASDAQ:OBLG • US6744343038
Taking everything into account, OBLG scores 2 out of 10 in our technical rating. In the past year, OBLG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 82% of all other stocks performed better in the past year than OBLG.
- OBLG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- OBLG is part of the Software industry. There are 277 other stocks in this industry. OBLG outperforms 72% of them.
- In the last month OBLG has a been trading in the 1.69 - 2.70 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of OBLG is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.67
When analyzing the resistance we notice 3 important areas.
- Resistance @2.81 from a trend line in the daily time frame.
- A resistance zone ranging from 3.06 to 3.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.48 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 | NEUTRAL | NEUTRAL | The short term trend for OBLG is neutral. |
| ChartMill Relative Strength | 18.92 | NEGATIVE | OBLG has a low relative strength, it was outperformed by 81.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OBLG is above 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 | NEGATIVE | The current price of OBLG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.01 | NEUTRAL | The RSI value for OBLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests OBLG has a positive trend. |
| Stochastics (14,3) | 78.43 | NEUTRAL | The Stochastics value for OBLG is a neutral value. |
| Average True Range in percent/ATR (20) | 10.2 | HIGH VOLATILITY | The high ATR as a percentage value for OBLG suggests high volalility. |
| Average Directional Index/ADX (14) | 24.5 | NEUTRAL | The ADX value for OBLG suggests a possible start of a new trend. |
2.7
+0.26 (+10.66%)
OBLONG INC / OBLG FAQ
Can you provide the ChartMill technical rating for OBLONG INC?
ChartMill assigns a technical rating of 2 / 10 to OBLG.
Can you provide the trend direction for OBLONG INC?
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 61.0074. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OBLONG INC?
The MACD indicator for OBLONG INC (OBLG) has a value of 0.0943741, indicating a bearish trend.