OFA GROUP-A (OFAL) Stock Technical Analysis
NASDAQ:OFAL • KYG6713S1066
Taking everything into account, OFAL scores 1 out of 10 in our technical rating. OFAL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 100% of all other stocks performed better in the past year than OFAL.
- OFAL is part of the Professional Services industry. There are 88 other stocks in this industry, of which 87% are performing better than OFAL.
- In the last month OFAL has a been trading in the 0.26 - 0.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
OFAL has a poor technical rating and the quality of the setup is also not perfect 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
0.50
We can see 3 important resistance areas.
- Resistance @0.50 from a trend line in the daily time frame.
- Resistance @0.52 from a trend line in the daily time frame.
- A resistance zone ranging from 0.54 to 0.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 OFAL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OFAL is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | OFAL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OFAL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OFAL is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 50.84 | NEUTRAL | The RSI value for OFAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OFAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.8 | NEUTRAL | The Stochastics value for OFAL is a neutral value. |
| Average True Range in percent/ATR (20) | 14.02 | HIGH VOLATILITY | The high ATR as a percentage value for OFAL suggests high volalility. |
| Average Directional Index/ADX (14) | 28.31 | POSITIVE | The high ADX value value for OFAL suggests a strong trend. |
0.5
-0.01 (-2.86%)
OFA GROUP-A / OFAL FAQ
What is the ChartMill technical rating of OFA GROUP-A (OFAL) stock?
ChartMill assigns a technical rating of 1 / 10 to OFAL.
What is the current trend direction of OFA GROUP-A (OFAL) stock?
The current trend direction for OFA GROUP-A (OFAL) is Bearish.
Can you provide the RSI signal for OFA GROUP-A?
OFA GROUP-A (OFAL) has an RSI value of 50.8401. This indicates that the stock is currently neutral.
What is the short term momentum for OFAL stock?
The short term momentum for OFA GROUP-A (OFAL) is neutral.
What are the support and resistance levels for OFA GROUP-A (OFAL) stock?
OFA GROUP-A (OFAL) has a resistance level at 0.5. Check the full technical report for our detailed analysis of OFAL support and resistance levels.