Obalon Therapeutics Inc (OBLN) Stock Technical Analysis
NASDAQ:OBLN
Overall OBLN gets a technical rating of 9 out of 10. 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 97% of 185 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 currently trading near new highs, so OBLN is lagging the market.
- 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 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. |
3.05
-0.19 (-5.86%)
Obalon Therapeutics Inc / OBLN FAQ
What is the technical rating for OBLN stock?
ChartMill assigns a technical rating of 8 / 10 to OBLN.
What is the current trend direction of Obalon Therapeutics Inc (OBLN) stock?
The current trend direction for Obalon Therapeutics Inc (OBLN) is Bullish.
Can you provide the RSI signal for Obalon Therapeutics Inc?
Obalon Therapeutics Inc (OBLN) has an RSI value of 48.5381. This indicates that the stock is currently neutral.
What is the short term momentum for OBLN stock?
The short term momentum for Obalon Therapeutics Inc (OBLN) is neutral.
Can you provide the support and resistance levels for Obalon Therapeutics Inc?
Obalon Therapeutics Inc (OBLN) has a support level at 3.04 and a resistance level at 3.43. Check the full technical report for our detailed analysis of OBLN support and resistance levels.