OBLONG INC (OBLG) Stock Technical Analysis
NASDAQ:OBLG - US6744343038 - Common Stock
3.204 USD
-0.13 (-3.78%)
3.2 USD
0 (-0.12%)
We assign a technical rating of 0 out of 10 to OBLG. OBLG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, OBLG is a bad performer in the overall market: 84% of all stocks are doing better.
OBLG is part of the Software industry. There are 282 other stocks in this industry, of which 63% are performing better 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.
In the last month OBLG has a been trading in the 2.44 - 4.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of OBLG is bad and it also does not present a quality setup 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
2.89
4.84
2 important support areas can be observed.
- Support @2.97 from a trend line in the daily time frame.
- Support @2.92 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.45 to 3.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.79 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 | 16.12 | NEGATIVE | OBLG has a low relative strength, it was outperformed by 83.88% 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) | 42.1 | NEUTRAL | The RSI value for OBLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OBLG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.43 | NEUTRAL | The Stochastics value for OBLG is a neutral value. |
| Average True Range in percent/ATR (20) | 10.54 | HIGH VOLATILITY | The high ATR as a percentage value for OBLG suggests high volalility. |
| Average Directional Index/ADX (14) | 22.64 | NEUTRAL | The ADX value for OBLG suggests a possible start of a new 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)
3.204
-0.13 (-3.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.78%
1 Week4.71%
2 Weeks-15.68%
1 Month-14.33%
3 Month-11%
6 Month-11.98%
12 Month-9.75%
2 Year-89.17%
3 Year-97.91%
5 Year-99.76%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%10.54%
ATR Inc-27.71%
Range Today0.15
ADR(20)0.33
ADR(20)%10.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.12
Mansfield-1.92
10 Day High3.89
10 Day Low2.44
20 Day High4
20 Day Low2.44
52 Week High6.7
52 Week Low1.91
CS1 End2.97
CR1 Start3.45
Volume & EV
DER(3)-8.26%
DER(5)-2.98%
Volume46.00K
Volume Incr24.14%
Vol(5)93.76K
Vol(50)100.65K