OMEGA DIAGNOSTICS GROUP PLC (ODX.L) Stock Technical Analysis
Europe - London Exchange - LON:ODX - GB00B1VCP282 - Common Stock
Overall ODX gets a technical rating of 8 out of 10. 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.
ODX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
9.69
We found 3 important support 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.
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. |
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 worst case loss on the trade is limited to 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.
LON:ODX (12/27/2019, 7:00:00 PM)
14.4
0 (0%)
OMEGA DIAGNOSTICS GROUP PLC / ODX.L FAQ
Can you provide the ChartMill technical rating for OMEGA DIAGNOSTICS GROUP PLC?
ChartMill assigns a technical rating of 8 / 10 to ODX.L.
What is the current trend direction of OMEGA DIAGNOSTICS GROUP PLC (ODX.L) stock?
The current trend direction for OMEGA DIAGNOSTICS GROUP PLC (ODX.L) is Bullish.
What is the RSI signal for OMEGA DIAGNOSTICS GROUP PLC (ODX.L) stock?
OMEGA DIAGNOSTICS GROUP PLC (ODX.L) has an RSI value of 82.8851. This indicates that the stock is currently overbought.
What is the MACD signal for ODX stock?
The MACD indicator for OMEGA DIAGNOSTICS GROUP PLC (ODX.L) has a value of 0.172937, indicating a bearish trend.
What are the support and resistance levels for OMEGA DIAGNOSTICS GROUP PLC (ODX.L) stock?
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.