OLINK HOLDING AB - ADR (OLK) Technical Analysis
NASDAQ:OLK • US6807101000
Current stock price
OLK Technical Rating and Analysis
Taking everything into account, OLK scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, OLK has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- OLK is one of the better performing stocks in the Life Sciences Tools & Services industry, it outperforms 96% of 57 stocks in the same industry.
- A new 52 week high is currently being made by OLK, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- 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.
- When comparing the yearly performance of all stocks, we notice that OLK is one of the better performing stocks in the market, outperforming 86% of all 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.
OLK Weekly and Daily overview Charts
OLK Setup Rating and Analysis
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
OLK Support and Resistance Analysis
16.30
We found 3 important support areas.
- 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.
OLK Technical Indicator Signal Analysis
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. |
OLK Chart- and CandleStick Pattern Analysis
OLK Technicals: Chart, Performance Metrics, Trend & Indicators
26.08
+0.08 (+0.31%)
OLINK HOLDING AB - ADR / OLK TA FAQ
What is the ChartMill technical rating of OLINK HOLDING AB - ADR (OLK) stock?
ChartMill assigns a technical rating of 9 / 10 to OLK.
What is the trend direction for OLK stock?
The current trend direction for OLINK HOLDING AB - ADR (OLK) is Bullish.
What is the RSI signal for OLK stock?
OLINK HOLDING AB - ADR (OLK) has an RSI value of 77.4639. This indicates that the stock is currently overbought.
Can you provide the short term momentum for OLINK HOLDING AB - ADR?
The short term momentum for OLINK HOLDING AB - ADR (OLK) is positive.
Can you provide the buy/sell signal for OLINK HOLDING AB - ADR?
The buy/sell signal for OLINK HOLDING AB - ADR (OLK) is buy as both the short term and long term trends are positive.