OMNICARE INC (OCR) Technical Analysis
NYSE:OCR
Current stock price
OCR Technical Rating and Analysis
Overall OCR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OCR is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that OCR is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by OCR over the past year are nicely spread over this period.
- A new 52 week high is currently being made by OCR, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- OCR has an average volume of 2041870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month OCR has a been trading in a tight range between 95.05 and 97.98.
- Volume is considerably higher in the last couple of days.
OCR Weekly and Daily overview Charts
OCR Setup Rating and Analysis
OCR has an excellent technical rating, but the quality of the setup is only medium 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
OCR Support and Resistance Analysis
93.23
When analyzing the support we notice one important area.
- A support zone ranging from 94.17 to 97.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 97.92 to 97.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
OCR Technical Indicator Signal Analysis
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 OCR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OCR is up. |
| ChartMill Relative Strength | 86.98 | POSITIVE | OCR has a high relative strength, it outperformed 86.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OCR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OCR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OCR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 84.27 | OVERBOUGHT | The high RSI value suggests OCR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests OCR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.24 | OVERBOUGHT | The high Stochastics value suggests OCR may be overbought. |
| Average True Range in percent/ATR (20) | 0.35 | LOW VOLATILITY | The low ATR as a percentage value for OCR suggests low volalility. |
OCR Chart- and CandleStick Pattern Analysis
OCR Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 97.93 | 96.36 | 1.57 (1.60%) | 25.00% |
| An entry @97.93. This is a Buy Stop order right above the resistance zone. | An exit @96.36. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.57 points, which is 1.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.40%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OCR Technicals: Chart, Performance Metrics, Trend & Indicators
97.9
-0.02 (-0.02%)
OMNICARE INC / OCR TA FAQ
What is the ChartMill technical rating of OMNICARE INC (OCR) stock?
ChartMill assigns a technical rating of 9 / 10 to OCR.
Can you provide the trend direction for OMNICARE INC?
The current trend direction for OMNICARE INC (OCR) is Bullish.
Can you provide the RSI signal for OMNICARE INC?
OMNICARE INC (OCR) has an RSI value of 84.2732. This indicates that the stock is currently overbought.
What is the buy/sell signal for OCR stock?
The buy/sell signal for OMNICARE INC (OCR) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for OMNICARE INC (OCR) stock?
OMNICARE INC (OCR) has a support level at 97.63 and a resistance level at 97.92. Check the full technical report for our detailed analysis of OCR support and resistance levels.