Obalon Therapeutics Inc (OBLN) Stock Technical Analysis
NASDAQ:OBLN - Nasdaq -
We assign a technical rating of 9 out of 10 to OBLN. In the last year, OBLN 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 long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, OBLN did better than 95% of all other stocks. On top of that, OBLN also shows a nice and consistent pattern of rising prices.
OBLN is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 94% of 188 stocks in the same industry.
OBLN has an average volume of 5224310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OBLN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OBLN is lagging the market slightly.
In the last month OBLN has a been trading in the 2.36 - 4.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although OBLN has an excellent technical rating, the quality of the presented setup is not ideal 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
2.20
4.04
4 important support areas can be observed.
- A support zone ranging from 3.01 to 3.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.43 from a trend line in the weekly time frame.
- Support @2.31 from a trend line in the daily time frame.
- Support @2.22 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.43 to 3.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.64 from a trend line in the daily time frame.
- Resistance @4.00 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 | UP | POSITIVE | The long term trend for OBLN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OBLN is neutral. |
| ChartMill Relative Strength | 95.43 | POSITIVE | OBLN has a high relative strength, it outperformed 95.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OBLN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OBLN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OBLN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.54 | NEUTRAL | The RSI value for OBLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests OBLN has a negative trend. |
| Stochastics (14,3) | 12.07 | OVERSOLD | The low Stochastics value suggests OBLN may be oversold. |
| Average True Range in percent/ATR (20) | 19.4 | HIGH VOLATILITY | The high ATR as a percentage value for OBLN suggests high volalility. |
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)
3.05
-0.19 (-5.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-5.86%
1 Week-8.68%
2 Weeks-7.85%
1 Month29.24%
3 Month-18.67%
6 Month94.27%
12 Month296.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%19.4%
ATR Inc112.41%
Range Today1.85
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.43
Mansfield3.73
10 Day High4.8
10 Day Low2.95
20 Day High4.88
20 Day Low2.36
52 Week High10.77
52 Week Low0.66
CS1 End3.04
CR1 Start3.43
Volume & EV
DER(3)-14.08%
DER(5)-8.71%
Volume26.78M
Volume Incr-16.97%
Vol(5)5.82M
Vol(50)5.22M