OMEGA HEALTHCARE INVESTORS (OHI) Stock Technical Analysis
NYSE:OHI - New York Stock Exchange, Inc. - US6819361006 - REIT - Currency: USD
We assign a technical rating of 3 out of 10 to OHI. OHI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
OHI is part of the Diversified REITs industry. There are 129 other stocks in this industry. OHI outperforms 84% of them.
In the last month OHI has a been trading in the 35.09 - 37.80 range, which is quite wide. It is currently trading near the high of this range.
OHI has an average volume of 2616410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, OHI did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
OHI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OHI is lagging the market slightly.
OHI 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
35.18
42.04
When analyzing the support we notice one important area.
- A support zone ranging from 35.54 to 37.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 37.75 to 38.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @39.34 from a horizontal line in the daily time frame.
- Resistance @41.62 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for OHI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OHI is neutral. |
| ChartMill Relative Strength | 73.83 | POSITIVE | OHI has a high relative strength, it outperformed 73.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OHI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OHI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OHI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.14 | NEUTRAL | The RSI value for OHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests OHI has a positive trend. |
| Stochastics (14,3) | 70.31 | NEUTRAL | The Stochastics value for OHI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for OHI suggests low volalility. |
| Average Directional Index/ADX (14) | 13.8 | NEGATIVE | The low ADX value for OHI suggests a weak or negative 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)
37.41
+0.3 (+0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.81%
1 Week2.38%
2 Weeks-0.29%
1 Month4.21%
3 Month1.41%
6 Month-4.69%
12 Month16.4%
2 Year21.9%
3 Year32.71%
5 Year25.83%
10 Year8.97%
15 Year87.71%
Volatility
ATR(14)0.61
ATR(20)%1.81%
ATR Inc-0.49%
Range Today0.67
ADR(20)0.66
ADR(20)%1.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.83
Mansfield-0.53
10 Day High37.6
10 Day Low35.88
20 Day High37.8
20 Day Low35.09
52 Week High44.42
52 Week Low31.43
CS1 End37.27
CR1 Start37.75
Volume & EV
DER(3)-3.6%
DER(5)-2.75%
Volume2.24M
Volume Incr-21.34%
Vol(5)2.29M
Vol(50)2.62M