OMEGA HEALTHCARE INVESTORS (OHI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OHI - US6819361006 - REIT
Taking everything into account, OHI scores 7 out of 10 in our technical rating. In the last year, OHI was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, OHI did better than 73% of all other stocks. We also observe that the gains produced by OHI over the past year are nicely spread over this period.
- OHI is one of the better performing stocks in the Diversified REITs industry, it outperforms 80% of 126 stocks in the same industry.
- OHI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OHI is lagging the market slightly.
- In the last month OHI has a been trading in the 42.90 - 45.62 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.
- OHI has an average volume of 1802000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, OHI also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 43.82, a Stop Loss order could be placed below this zone.
More info and screens
39.01
3 important support areas can be observed.
- A support zone ranging from 43.73 to 43.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.02 to 42.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 39.40 to 39.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 44.36 to 44.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 45.93 to 46.03. 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 | UP | POSITIVE | The long term trend for OHI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OHI is neutral. |
| ChartMill Relative Strength | 73.72 | POSITIVE | OHI has a high relative strength, it outperformed 73.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OHI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OHI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OHI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.93 | NEUTRAL | The RSI value for OHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests OHI has a negative trend. |
| Stochastics (14,3) | 56.37 | NEUTRAL | The Stochastics value for OHI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for OHI suggests low volalility. |
| Average Directional Index/ADX (14) | 13.73 | NEGATIVE | The low ADX value for OHI suggests a weak or negative 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 |
|---|---|---|---|
| 44.47 | 43.72 | 0.75 (1.69%) | 25.00% |
| An entry @44.47. This is a Buy Stop order right above the resistance zone. | An exit @43.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.75 points, which is 1.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.42%. |
- The distance between exit and entry is rather small compared to the average daily movement of OHI. 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.
44.3
-0.26 (-0.58%)
OMEGA HEALTHCARE INVESTORS / OHI FAQ
Can you provide the ChartMill technical rating for OMEGA HEALTHCARE INVESTORS?
ChartMill assigns a technical rating of 7 / 10 to OHI.
Can you provide the trend direction for OMEGA HEALTHCARE INVESTORS?
The current trend direction for OMEGA HEALTHCARE INVESTORS (OHI) is Bullish.
What is the RSI signal for OHI stock?
OMEGA HEALTHCARE INVESTORS (OHI) has an RSI value of 48.9328. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OMEGA HEALTHCARE INVESTORS?
The MACD indicator for OMEGA HEALTHCARE INVESTORS (OHI) has a value of -0.0219006, indicating a bearish trend.
What are the support and resistance levels for OMEGA HEALTHCARE INVESTORS (OHI) stock?
OMEGA HEALTHCARE INVESTORS (OHI) has a support level at 43.82 and a resistance level at 44.36. Check the full technical report for our detailed analysis of OHI support and resistance levels.