Taking everything into account, OFIX scores 7 out of 10 in our technical rating. Although OFIX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, OFIX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 15.87. Right above this resistance zone may be a good entry point. 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
13.87
We found 3 important support areas.
- A support zone ranging from 15.14 to 15.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.88 from a trend line in the daily time frame.
- A support zone ranging from 14.01 to 14.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 15.87 to 16.23. 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 | UP | POSITIVE | The long term trend for OFIX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OFIX is up. |
| ChartMill Relative Strength | 33.48 | NEUTRAL | OFIX is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of OFIX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OFIX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.17 | NEUTRAL | The RSI value for OFIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OFIX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.42 | NEUTRAL | The Stochastics value for OFIX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for OFIX suggests some volalility. |
| Average Directional Index/ADX (14) | 30.33 | POSITIVE | The high ADX value value for OFIX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.24 | 15.50 | 0.74 (4.56%) | 21.95% |
| An entry @16.24. This is a Buy Stop order right above the resistance zone. | An exit @15.50. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.74 points, which is 4.56%. | For a 1.00% total portfolio risk, you can invest 21.95% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of OFIX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
15.83
+0.16 (+1.02%)
ORTHOFIX MEDICAL INC / OFIX FAQ
Can you provide the ChartMill technical rating for ORTHOFIX MEDICAL INC?
ChartMill assigns a technical rating of 7 / 10 to OFIX.
Can you provide the trend direction for ORTHOFIX MEDICAL INC?
The current trend direction for ORTHOFIX MEDICAL INC (OFIX) is Bullish.
Can you provide the RSI signal for ORTHOFIX MEDICAL INC?
ORTHOFIX MEDICAL INC (OFIX) has an RSI value of 56.1657. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ORTHOFIX MEDICAL INC?
The MACD indicator for ORTHOFIX MEDICAL INC (OFIX) has a value of 0.0110822, indicating a bearish trend.
What are the support and resistance levels for ORTHOFIX MEDICAL INC (OFIX) stock?
ORTHOFIX MEDICAL INC (OFIX) has a support level at 15.43 and a resistance level at 15.87. Check the full technical report for our detailed analysis of OFIX support and resistance levels.