OMEGA DIAGNOSTICS GROUP PLC (ODX.L) Technical Analysis
LON:ODX • GB00B1VCP282
Current stock price
ODX.L Technical Rating and Analysis
Taking everything into account, ODX scores 8 out of 10 in our technical rating. Although ODX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- ODX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- ODX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- When comparing the yearly performance of all stocks, we notice that ODX is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ODX.L Weekly and Daily overview Charts
ODX.L Setup Rating and Analysis
ODX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.41. Right above this resistance zone may be a good entry point.
More info and screens
ODX.L Support and Resistance Analysis
9.69
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.39 to 14.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.11 from a trend line in the weekly time frame.
- Support @9.79 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.41 to 14.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
ODX.L 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 ODX.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ODX.L is up. |
| ChartMill Relative Strength | 74.58 | POSITIVE | ODX.L has a high relative strength, it outperformed 74.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ODX.L is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ODX.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ODX.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 82.89 | OVERBOUGHT | The high RSI value suggests ODX.L may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ODX.L has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.6 | OVERBOUGHT | The high Stochastics value suggests ODX.L may be overbought. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ODX.L suggests some volalility. |
ODX.L Chart- and CandleStick Pattern Analysis
ODX.L 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 |
|---|---|---|---|
| 14.42 | 14.38 | 0.04 (0.28%) | 25.00% |
| An entry @14.42. This is a Buy Stop order right above the resistance zone. | An exit @14.38. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.04 points, which is 0.28%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.07%. |
- The distance between exit and entry is rather small compared to the average daily movement of ODX. 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.
ODX.L Technicals: Chart, Performance Metrics, Trend & Indicators
LON:ODX (12/27/2019, 7:00:00 PM)
14.4
0 (0%)
OMEGA DIAGNOSTICS GROUP PLC / ODX.L TA FAQ
What is the ChartMill technical rating of OMEGA DIAGNOSTICS GROUP PLC (ODX.L) stock?
ChartMill assigns a technical rating of 8 / 10 to ODX.L.
Can you provide the trend direction for OMEGA DIAGNOSTICS GROUP PLC?
The current trend direction for OMEGA DIAGNOSTICS GROUP PLC (ODX.L) is Bullish.
Can you provide the RSI signal for OMEGA DIAGNOSTICS GROUP PLC?
OMEGA DIAGNOSTICS GROUP PLC (ODX.L) has an RSI value of 82.8851. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for OMEGA DIAGNOSTICS GROUP PLC?
The buy/sell signal for OMEGA DIAGNOSTICS GROUP PLC (ODX.L) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for OMEGA DIAGNOSTICS GROUP PLC?
OMEGA DIAGNOSTICS GROUP PLC (ODX.L) has a support level at 14.39 and a resistance level at 14.41. Check the full technical report for our detailed analysis of ODX.L support and resistance levels.