OLMA Technical Analysis - OLEMA PHARMACEUTICALS INC

Technical Rating and Analysis

Taking everything into account, OLMA scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, OLMA has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

OLMA is one of the better performing stocks in the Biotechnology industry, it outperforms 80% of 536 stocks in the same industry.

In the last month OLMA has a been trading in the 5.99 - 9.92 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Looking at the yearly performance, OLMA did better than 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

OLMA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OLMA is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

OLEMA PHARMACEUTICALS INC / OLMA Weekly stock chart

OLEMA PHARMACEUTICALS INC / OLMA Daily stock chart

Setup Rating and Analysis

Although OLMA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

4.07

9.89

We found 3 important support areas.

Support @6.79 from a trend line in the daily time frame.
Support @5.19 from a trend line in the daily time frame.
Support @4.11 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 OLMA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for OLMA is up.
ChartMill Relative Strength	91.49	POSITIVE	OLMA has a high relative strength, it outperformed 91.49% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of OLMA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of OLMA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of OLMA is above the rising SMA(200).
Relative Strength Index/RSI (14)	72.08	OVERBOUGHT	The high RSI value suggests OLMA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.1	POSITIVE	The MACD value suggests OLMA has a positive trend.
Stochastics (14,3)	94.55	OVERBOUGHT	The high Stochastics value suggests OLMA may be overbought.
Average True Range in percent/ATR (20)	7.27	HIGH VOLATILITY	The high ATR as a percentage value for OLMA suggests high volalility.
Average Directional Index/ADX (14)	47.89	POSITIVE	The high ADX value value for OLMA suggests a strong trend.