ORTHOFIX MEDICAL INC (OFIX) Stock Technical Analysis
NASDAQ:OFIX - Nasdaq - US68752M1080 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to OFIX. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
87% of all other stocks performed better in the past year than OFIX.
OFIX is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, of which 62% are performing better than OFIX.
OFIX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so OFIX is lagging the market.
In the last month OFIX has a been trading in the 10.66 - 12.43 range, which is quite wide. It is currently trading near the lows of this range.
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. 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
10.85
18.97
We found 1 important support area.
- Support @10.96 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 11.28 to 11.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @11.58 from a horizontal line in the daily time frame.
- Resistance @17.19 from a trend line in the weekly time frame.
- Resistance @17.51 from a trend line in the daily time frame.
- Resistance @18.78 from a trend line in the weekly 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 | DOWN | NEGATIVE | The short term trend for OFIX is down. |
| ChartMill Relative Strength | 13.55 | NEGATIVE | OFIX has a low relative strength, it was outperformed by 86.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OFIX is below a declining 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) | 38.43 | NEUTRAL | The RSI value for OFIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests OFIX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.96 | NEUTRAL | The Stochastics value for OFIX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for OFIX suggests some volalility. |
| Average Directional Index/ADX (14) | 35.96 | POSITIVE | The high ADX value value for OFIX suggests a strong 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)
11
-0.16 (-1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.43%
1 Week0.27%
2 Weeks-2.22%
1 Month-9.84%
3 Month-33.45%
6 Month-38.75%
12 Month-11.15%
2 Year-39.09%
3 Year-53.27%
5 Year-65.62%
10 Year-66.79%
15 Year-65.68%
Volatility
ATR(14)0.4
ATR(20)%3.46%
ATR Inc-13.72%
Range Today0.26
ADR(20)0.36
ADR(20)%3.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.55
Mansfield-3.35
10 Day High11.67
10 Day Low10.66
20 Day High12.43
20 Day Low10.66
52 Week High20.73
52 Week Low10.5
CS1 End10.96
CR1 Start11.28
Volume & EV
DER(3)5.15%
DER(5)3.55%
Volume353.20K
Volume Incr-15.37%
Vol(5)409.10K
Vol(50)409.70K