MEMEX INC (OEE.CA) Stock Technical Analysis
TSX-V:OEE • CA58600T1084
We assign a technical rating of 0 out of 10 to OEE. OEE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, OEE is a bad performer in the overall market: 81% of all stocks are doing better.
- OEE is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month OEE has a been trading in the 0.01 - 0.01 range, which is quite wide. It is currently trading near the lows of this range.
- OEE is part of the Software industry. There are 70 other stocks in this industry. OEE outperforms 73% of them.
OEE has a poor technical rating and the quality of the setup is also 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
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We found 1 important resistance area.
- A resistance zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for OEE.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OEE.CA is down. |
| ChartMill Relative Strength | 19.29 | NEGATIVE | OEE.CA has a low relative strength, it was outperformed by 80.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OEE.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OEE.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OEE.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.99 | NEUTRAL | The RSI value for OEE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests OEE.CA has a negative trend. |
| Average True Range in percent/ATR (20) | 20 | HIGH VOLATILITY | The high ATR as a percentage value for OEE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.29 | NEGATIVE | The low ADX value for OEE.CA suggests a weak or negative trend. |
TSX-V:OEE (1/26/2024, 7:00:00 PM)
0.005
0 (0%)
MEMEX INC / OEE.CA FAQ
What is the technical rating for OEE stock?
ChartMill assigns a technical rating of 0 / 10 to OEE.CA.
What is the current trend direction of MEMEX INC (OEE.CA) stock?
The current trend direction for MEMEX INC (OEE.CA) is Bearish.
What is the RSI signal for OEE stock?
MEMEX INC (OEE.CA) has an RSI value of 47.987. This indicates that the stock is currently neutral.
What is the short term momentum for MEMEX INC (OEE.CA) stock?
The short term momentum for MEMEX INC (OEE.CA) is negative.
What is the buy/sell signal for MEMEX INC (OEE.CA) stock?
The buy/sell signal for MEMEX INC (OEE.CA) is sell as both the short term and long term trends are negative.