OLEMA PHARMACEUTICALS INC (OLMA) Technical Analysis
NASDAQ:OLMA • US68062P1066
Current stock price
OLMA Technical Rating and Analysis
Taking everything into account, OLMA scores 4 out of 10 in our technical rating. Although OLMA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, we notice that OLMA is one of the better performing stocks in the market, outperforming 96% of all stocks.
- OLMA is one of the better performing stocks in the Biotechnology industry, it outperforms 85% of 516 stocks in the same industry.
- In the last month OLMA has a been trading in the 13.11 - 17.46 range, which is quite wide. It is currently trading near the high of this range.
- OLMA has an average volume of 1648560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
- Considerably lower volume is observed in the last couple of days.
OLMA Weekly and Daily overview Charts
OLMA Setup Rating and Analysis
OLMA has an average technical rating and the quality of the presented setup is also not ideal 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
OLMA Support and Resistance Analysis
13.19
We found 4 important support areas.
- Support @14.70 from a trend line in the weekly time frame.
- Support @14.31 from a trend line in the daily time frame.
- Support @13.66 from a trend line in the weekly time frame.
- Support @13.32 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 16.82 to 16.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.94 from a trend line in the daily time frame.
OLMA 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 | DOWN | NEGATIVE | The long term trend for OLMA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OLMA is neutral. |
| ChartMill Relative Strength | 96.21 | POSITIVE | OLMA has a high relative strength, it outperformed 96.21% 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) | DOWN | NEGATIVE | The current price of OLMA is below a declining 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) | 50.67 | NEUTRAL | The RSI value for OLMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests OLMA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.62 | OVERBOUGHT | The high Stochastics value suggests OLMA may be overbought. |
| Average True Range in percent/ATR (20) | 4.96 | MEDIUM VOLATILITY | The ATR as a percentage value for OLMA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.89 | NEGATIVE | The low ADX value for OLMA suggests a weak or negative trend. |
OLMA Chart- and CandleStick Pattern Analysis
OLMA Technicals: Chart, Performance Metrics, Trend & Indicators
16.63
+0.05 (+0.3%)
OLEMA PHARMACEUTICALS INC / OLMA TA FAQ
What is the ChartMill technical rating of OLEMA PHARMACEUTICALS INC (OLMA) stock?
ChartMill assigns a technical rating of 4 / 10 to OLMA.
What is the current trend direction of OLEMA PHARMACEUTICALS INC (OLMA) stock?
The current trend direction for OLEMA PHARMACEUTICALS INC (OLMA) is Bearish.
Can you provide the RSI signal for OLEMA PHARMACEUTICALS INC?
OLEMA PHARMACEUTICALS INC (OLMA) has an RSI value of 50.6654. This indicates that the stock is currently neutral.
What is the short term momentum for OLEMA PHARMACEUTICALS INC (OLMA) stock?
The short term momentum for OLEMA PHARMACEUTICALS INC (OLMA) is neutral.
What are the support and resistance levels for OLEMA PHARMACEUTICALS INC (OLMA) stock?
OLEMA PHARMACEUTICALS INC (OLMA) has a support level at 14.7 and a resistance level at 16.82. Check the full technical report for our detailed analysis of OLMA support and resistance levels.