Overall OFLX gets a technical rating of 0 out of 10. OFLX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, OFLX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 27.03, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OFLX 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
26.30
When analyzing the support we notice one important area.
- A support zone ranging from 26.57 to 27.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- Resistance @27.99 from a horizontal line in the daily time frame.
- A resistance zone ranging from 29.10 to 29.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.39 to 33.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @35.40 from a horizontal line in the daily 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 OFLX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OFLX is down. |
| ChartMill Relative Strength | 9.27 | NEGATIVE | OFLX has a low relative strength, it was outperformed by 90.73% 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) | 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) | 45.9 | NEUTRAL | The RSI value for OFLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests OFLX has a positive trend. |
| Stochastics (14,3) | 32.12 | NEUTRAL | The Stochastics value for OFLX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for OFLX suggests some volalility. |
| Average Directional Index/ADX (14) | 17.99 | NEGATIVE | The low ADX value for OFLX suggests a weak or negative trend. |
27.18
+0.24 (+0.89%)
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 45.8957. 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 0.136229, 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.