OMEGA FLEX INC (OFLX) Stock Technical Analysis
NASDAQ:OFLX - Nasdaq - US6820951043 - Common Stock - Currency: USD
Taking everything into account, OFLX scores 1 out of 10 in our technical rating. OFLX 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.
When comparing the yearly performance of all stocks, OFLX is a bad performer in the overall market: 84% of all stocks are doing better.
OFLX is part of the Machinery industry. There are 127 other stocks in this industry, of which 75% are performing better than OFLX.
OFLX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month OFLX has a been trading in the 29.95 - 35.43 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
OFLX 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. There is very little resistance above the current price. There is a support zone below the current price at 33.72, a Stop Loss order could be placed below this zone.
More info and screens
28.71
36.74
We found 3 important support areas.
- A support zone ranging from 32.98 to 33.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.48 to 31.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 29.00 to 29.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 33.46 to 33.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @34.45 from a trend line in the weekly time frame.
- A resistance zone ranging from 36.38 to 36.38. This zone is formed by a combination of multiple trend lines 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 OFLX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OFLX is neutral. |
| ChartMill Relative Strength | 16.14 | NEGATIVE | OFLX has a low relative strength, it was outperformed by 83.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OFLX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OFLX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OFLX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54 | NEUTRAL | The RSI value for OFLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests OFLX has a positive trend. |
| Stochastics (14,3) | 73.05 | NEUTRAL | The Stochastics value for OFLX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.64 | MEDIUM VOLATILITY | The ATR as a percentage value for OFLX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.02 | NEUTRAL | The ADX value for OFLX suggests a possible start of a new 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)
NASDAQ:OFLX (8/20/2025, 3:07:54 PM)
33.45
-0.38 (-1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.12%
1 Week0.3%
2 Weeks4.54%
1 Month-2.39%
3 Month5.65%
6 Month-6.68%
12 Month-28.6%
2 Year-59.58%
3 Year-66.51%
5 Year-74.32%
10 Year10.34%
15 Year168.71%
Volatility
ATR(14)1.52
ATR(20)%4.64%
ATR Inc-56.97%
Range Today0.88
ADR(20)1.47
ADR(20)%4.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.14
Mansfield-2.19
10 Day High34.44
10 Day Low30.83
20 Day High35.43
20 Day Low29.95
52 Week High57.81
52 Week Low28.12
CS1 End33.72
CR1 Start34.45
Volume & EV
DER(3)-0.7%
DER(5)1.2%
Volume13.62K
Volume Incr-46.09%
Vol(5)14.82K
Vol(50)53.59K