ORTHOFIX MEDICAL INC (OFIX) Stock Technical Analysis
NASDAQ:OFIX • US68752M1080
Taking everything into account, OFIX scores 1 out of 10 in our technical rating. OFIX 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.
- 83% of all other stocks performed better in the past year than OFIX.
- In the last month OFIX has a been trading in the 12.41 - 14.02 range, which is quite wide. It is currently trading near the high of this range.
- OFIX is an average performer in the Health Care Equipment & Supplies industry, it outperforms 46% of 185 stocks in the same industry.
- OFIX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OFIX is lagging the market.
Although the technical rating is bad, OFIX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OFIX 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.
More info and screens
12.56
We found 1 important support area.
- A support zone ranging from 12.69 to 12.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 13.88 to 13.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.30 from a trend line in the weekly time frame.
- Resistance @16.23 from a horizontal line 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 OFIX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OFIX is neutral. |
| ChartMill Relative Strength | 17.15 | NEGATIVE | OFIX has a low relative strength, it was outperformed by 82.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OFIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OFIX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OFIX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.11 | NEUTRAL | The RSI value for OFIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests OFIX has a positive trend. |
| Stochastics (14,3) | 88.6 | OVERBOUGHT | The high Stochastics value suggests OFIX may be overbought. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for OFIX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.56 | NEUTRAL | The ADX value for OFIX suggests a possible start of a new trend. |
13.87
+0.1 (+0.73%)
ORTHOFIX MEDICAL INC / OFIX FAQ
Can you provide the ChartMill technical rating for ORTHOFIX MEDICAL INC?
ChartMill assigns a technical rating of 1 / 10 to OFIX.
What is the current trend direction of ORTHOFIX MEDICAL INC (OFIX) stock?
The current trend direction for ORTHOFIX MEDICAL INC (OFIX) is Bearish.
Can you provide the RSI signal for ORTHOFIX MEDICAL INC?
ORTHOFIX MEDICAL INC (OFIX) has an RSI value of 53.1075. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ORTHOFIX MEDICAL INC?
The short term momentum for ORTHOFIX MEDICAL INC (OFIX) is neutral.