ORTHOFIX MEDICAL INC (OFIX) Stock Technical Analysis
NASDAQ:OFIX - Nasdaq - US68752M1080 - Common Stock - Currency: USD
Overall OFIX gets a technical rating of 1 out of 10. 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, OFIX is a bad performer in the overall market: 91% of all stocks are doing better.
OFIX is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 66% of 187 stocks in the same industry do better.
OFIX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month OFIX has a been trading in the 10.54 - 11.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OFIX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.23
11.69
When analyzing the support we can see 2 important areas.
- Support @10.72 from a horizontal line in the daily time frame.
- A support zone ranging from 10.33 to 10.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.04 to 11.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.50 to 11.57. 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 OFIX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OFIX is neutral. |
| ChartMill Relative Strength | 9.48 | NEGATIVE | OFIX has a low relative strength, it was outperformed by 90.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OFIX is below 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) | DOWN | NEGATIVE | The current price of OFIX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.78 | NEUTRAL | The RSI value for OFIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OFIX has a negative trend. |
| Stochastics (14,3) | 28.89 | NEUTRAL | The Stochastics value for OFIX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for OFIX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.22 | NEGATIVE | The low ADX value for OFIX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
10.85
+0.08 (+0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.74%
1 Week-4.82%
2 Weeks1.69%
1 Month1.21%
3 Month-10.4%
6 Month-40.38%
12 Month-32.9%
2 Year-48.72%
3 Year-45.48%
5 Year-64.24%
10 Year-71.05%
15 Year-59.36%
Volatility
ATR(14)0.39
ATR(20)%3.73%
ATR Inc-13.7%
Range Today0.38
ADR(20)0.39
ADR(20)%3.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.48
Mansfield-3.45
10 Day High11.74
10 Day Low10.62
20 Day High11.74
20 Day Low10.54
52 Week High20.73
52 Week Low10.24
CS1 End10.72
CR1 Start11.04
Volume & EV
DER(3)1.41%
DER(5)0.12%
Volume304.10K
Volume Incr12%
Vol(5)321.44K
Vol(50)398.76K