OLINK HOLDING AB - ADR (OLK) Stock Technical Analysis
NASDAQ:OLK - Nasdaq - US6807101000 - ADR - Currency: USD
We assign a technical rating of 9 out of 10 to OLK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OLK is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
OLK is part of the Life Sciences Tools & Services industry. There are 55 other stocks in this industry. OLK outperforms 88% of them.
OLK is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so OLK is leading the market.
In the last month OLK has a been trading in the 24.51 - 26.09 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, OLK did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Volume is considerably higher in the last couple of days.
Although OLK has an excellent technical rating, it does not present a decent entry opportunity 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
16.30
26.35
3 important support areas can be observed.
- A support zone ranging from 24.39 to 25.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.81 to 21.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.46 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.09 to 26.09. 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 OLK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OLK is up. |
| ChartMill Relative Strength | 86.3 | POSITIVE | OLK has a high relative strength, it outperformed 86.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OLK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OLK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OLK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.46 | OVERBOUGHT | The high RSI value suggests OLK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OLK has a positive trend. |
| Stochastics (14,3) | 93.67 | OVERBOUGHT | The high Stochastics value suggests OLK may be overbought. |
| Average True Range in percent/ATR (20) | 1.11 | LOW VOLATILITY | The low ATR as a percentage value for OLK suggests low volalility. |
| Average Directional Index/ADX (14) | 37.39 | POSITIVE | The high ADX value value for OLK suggests a strong 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)
26.08
+0.08 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg0.31%
1 Week2.07%
2 Weeks2.39%
1 Month5.8%
3 Month14.29%
6 Month4.49%
12 Month32.12%
2 Year93.9%
3 Year-30.21%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%1.11%
ATR Inc-36.45%
Range Today0.11
ADR(20)0.25
ADR(20)%0.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.3
Mansfield0.12
10 Day High26.09
10 Day Low25.16
20 Day High26.09
20 Day Low24.51
52 Week High26.09
52 Week Low14.1
CS1 End25.89
CR1 Start26.09
Volume & EV
DER(3)-4.04%
DER(5)-1.66%
Volume1.89M
Volume Incr149.4%
Vol(5)1.72M
Vol(50)567.85K