OLB GROUP INC (OLB) Stock Technical Analysis
USA - NASDAQ:OLB - US67086U4067 - Common Stock
1.37 USD
-0.01 (-1.08%)
1.35 USD
-0.02 (-1.46%)
We assign a technical rating of 2 out of 10 to OLB. Recently some decent action could be observed, but in the medium term time frame this is still negative. OLB was also a bad performer in the overall market in the last year.
96% of all other stocks performed better in the past year than OLB.
OLB is one of the lesser performing stocks in the Financial Services industry. 90% of 101 stocks in the same industry do better.
OLB 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month OLB has a been trading in the 0.95 - 1.40 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
OLB has a poor technical rating and the quality of the setup is also only medium 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
1.03
2.01
When analyzing the support we can see 3 important areas.
- Support @1.25 from a horizontal line in the daily time frame.
- Support @1.10 from a trend line in the daily time frame.
- A support zone ranging from 1.04 to 1.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.38 to 1.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.99 from a trend 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 | DOWN | NEGATIVE | The long term trend for OLB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OLB is up. |
| ChartMill Relative Strength | 4.44 | NEGATIVE | OLB has a low relative strength, it was outperformed by 95.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OLB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OLB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OLB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.91 | NEUTRAL | The RSI value for OLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests OLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.92 | OVERBOUGHT | The high Stochastics value suggests OLB may be overbought. |
| Average True Range in percent/ATR (20) | 7.67 | HIGH VOLATILITY | The high ATR as a percentage value for OLB suggests high volalility. |
| Average Directional Index/ADX (14) | 20.32 | NEUTRAL | The ADX value for OLB 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)
1.37
-0.01 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-1.08%
1 Week8.73%
2 Weeks22.32%
1 Month28.04%
3 Month-31.5%
6 Month7.87%
12 Month-46.48%
2 Year-81.21%
3 Year-87.08%
5 Year-96.35%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%7.67%
ATR Inc-26.48%
Range Today0.06
ADR(20)0.1
ADR(20)%7.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.44
Mansfield-2.54
10 Day High1.4
10 Day Low1.07
20 Day High1.4
20 Day Low0.95
52 Week High3.27
52 Week Low0.95
CS1 End1.25
CR1 Start1.38
Volume & EV
DER(3)4.43%
DER(5)2.89%
Volume49.50K
Volume Incr-54.36%
Vol(5)52.52K
Vol(50)159.78K