OBLONG INC (OBLG) Stock Technical Analysis
NASDAQ:OBLG - Nasdaq - US6744343038 - Common Stock - Currency: USD
Taking everything into account, OBLG scores 8 out of 10 in our technical rating. In the last year, OBLG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
OBLG is one of the better performing stocks in the Software industry, it outperforms 72% of 282 stocks in the same industry.
In the last month OBLG has a been trading in the 3.04 - 5.09 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that OBLG is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
OBLG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OBLG is lagging the market.
Although OBLG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.07
4.90
3 important support areas can be observed.
- Support @4.54 from a horizontal line in the daily time frame.
- Support @3.29 from a trend line in the daily time frame.
- Support @3.10 from a horizontal 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 | 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 | 85.02 | POSITIVE | OBLG has a high relative strength, it outperformed 85.02% 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) | UP | POSITIVE | The current price of OBLG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.88 | NEUTRAL | The RSI value for OBLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests OBLG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.27 | OVERBOUGHT | The high Stochastics value suggests OBLG may be overbought. |
| Average True Range in percent/ATR (20) | 9.67 | HIGH VOLATILITY | The high ATR as a percentage value for OBLG suggests high volalility. |
| Average Directional Index/ADX (14) | 26.06 | 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)
4.85
+0.23 (+4.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg4.98%
1 Week4.53%
2 Weeks51.57%
1 Month20.05%
3 Month96.21%
6 Month36.24%
12 Month-37.18%
2 Year-90.6%
3 Year-97.16%
5 Year-99.76%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%9.67%
ATR Inc-14.63%
Range Today0.42
ADR(20)0.46
ADR(20)%9.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.02
Mansfield1.74
10 Day High5.09
10 Day Low3.04
20 Day High5.09
20 Day Low3.04
52 Week High7.8
52 Week Low1.91
CS1 End4.54
CR1 StartN/A
Volume & EV
DER(3)3.44%
DER(5)3.62%
Volume49.70K
Volume Incr-57.9%
Vol(5)103.48K
Vol(50)147.11K