OMEGA FLEX INC (OFLX) Stock Technical Analysis
USA - NASDAQ:OFLX - US6820951043 - Common Stock
27.92 USD
-0.63 (-2.21%)
27.55 USD
-0.37 (-1.33%)
Overall OFLX gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
92% of all other stocks performed better in the past year than OFLX.
OFLX is one of the lesser performing stocks in the Machinery industry. 84% of 130 stocks in the same industry do better.
OFLX is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month OFLX has a been trading in the 27.70 - 31.65 range, which is quite wide. It is currently trading near the lows of this range.
Warning: OFLX has an average volume of 21998 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
OFLX has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
27.64
36.73
7 important resistance areas can be observed.
- A resistance zone ranging from 28.95 to 29.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.67 to 31.15. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 31.92 to 32.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.14 from a trend line in the daily time frame.
- Resistance @34.26 from a trend line in the daily time frame.
- Resistance @35.40 from a horizontal line in the daily time frame.
- A resistance zone ranging from 36.37 to 36.37. 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 | DOWN | NEGATIVE | The short term trend for OFLX is down. |
| ChartMill Relative Strength | 8.05 | NEGATIVE | OFLX has a low relative strength, it was outperformed by 91.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OFLX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OFLX is below a declining 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) | 30.45 | NEUTRAL | The RSI value for OFLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests OFLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 13.64 | OVERSOLD | The low Stochastics value suggests OFLX may be oversold. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for OFLX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.42 | 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)
27.92
-0.63 (-2.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.21%
1 Week-3.76%
2 Weeks-5.48%
1 Month-9.53%
3 Month-10.48%
6 Month-10.63%
12 Month-44.88%
2 Year-61.79%
3 Year-70.42%
5 Year-81.35%
10 Year-32.46%
15 Year102.61%
Volatility
ATR(14)0.9
ATR(20)%3.56%
ATR Inc18.72%
Range Today1.36
ADR(20)0.98
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.05
3 months CRS13.1
6 months CRS15.15
Mansfield-3.26
10 Day High30.06
10 Day Low27.7
20 Day High31.65
20 Day Low27.7
52 Week High57.81
52 Week Low27.7
CS1 EndN/A
CR1 Start28.95
Volume & EV
DER(3)-2.83%
DER(5)7.93%
Volume27.80K
Volume Incr10.04%
Vol(5)25.48K
Vol(50)22.00K
OMEGA FLEX INC / OFLX FAQ
What is the technical rating for OFLX stock?
ChartMill assigns a technical rating of 0 / 10 to OFLX.
What is the trend direction for OFLX stock?
The current trend direction for OMEGA FLEX INC (OFLX) is Bearish.
What is the RSI signal for OFLX stock?
OMEGA FLEX INC (OFLX) has an RSI value of 30.4543. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OMEGA FLEX INC?
The MACD indicator for OMEGA FLEX INC (OFLX) has a value of 0.0476287, indicating a bearish trend.
Can you provide the buy/sell signal for OMEGA FLEX INC?
The buy/sell signal for OMEGA FLEX INC (OFLX) is sell as both the short term and long term trends are negative.