OSISKO DEVELOPMENT CORP (ODV) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ODV • CA68828E8099
Taking everything into account, ODV scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, ODV did better than 95% of all other stocks. We also observe that the gains produced by ODV over the past year are nicely spread over this period.
- ODV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ODV is lagging the market slightly.
- ODV has an average volume of 1919620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ODV is an average performer in the Metals & Mining industry, it outperforms 53% of 157 stocks in the same industry.
- In the last month ODV has a been trading in the 3.20 - 4.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ODV also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 3.34, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ODV in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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3 important support areas can be observed.
- A support zone ranging from 3.34 to 3.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.03 from a trend line in the daily time frame.
- Support @2.86 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.60 to 3.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.85 to 3.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ODV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ODV is neutral. |
| ChartMill Relative Strength | 95.51 | POSITIVE | ODV has a high relative strength, it outperformed 95.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ODV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ODV is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ODV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.98 | NEUTRAL | The RSI value for ODV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ODV has a negative trend. |
| Stochastics (14,3) | 20.57 | NEUTRAL | The Stochastics value for ODV is a neutral value. |
| Average True Range in percent/ATR (20) | 7.12 | HIGH VOLATILITY | The high ATR as a percentage value for ODV suggests high volalility. |
| Average Directional Index/ADX (14) | 11.55 | NEGATIVE | The low ADX value for ODV suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 3.70 | 3.33 | 0.37 (10.00%) | 10.00% |
| An entry @3.70. This is a Buy Stop order right above the resistance zone. | An exit @3.33. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.37 points, which is 10.00%. | For a 1.00% total portfolio risk, you can invest 10.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ODV. Please evaluate whether better entry and exit points can be found.
- 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.
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+0.14 (+4.14%)
OSISKO DEVELOPMENT CORP / ODV FAQ
What is the technical rating for ODV stock?
ChartMill assigns a technical rating of 9 / 10 to ODV.
Can you provide the trend direction for OSISKO DEVELOPMENT CORP?
The current trend direction for OSISKO DEVELOPMENT CORP (ODV) is Bullish.
Can you provide the RSI signal for OSISKO DEVELOPMENT CORP?
OSISKO DEVELOPMENT CORP (ODV) has an RSI value of 45.9846. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OSISKO DEVELOPMENT CORP?
The MACD indicator for OSISKO DEVELOPMENT CORP (ODV) has a value of -0.0324937, indicating a bearish trend.
What is the support and resistance level for ODV stock?
OSISKO DEVELOPMENT CORP (ODV) has a support level at 3.34 and a resistance level at 3.6. Check the full technical report for our detailed analysis of ODV support and resistance levels.