Taking everything into account, OLMA scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, OLMA did better than 99% of all other stocks.
- OLMA is part of the Biotechnology industry. There are 525 other stocks in this industry. OLMA outperforms 97% of them.
- OLMA has an average volume of 4404500 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.
- In the last month OLMA has a been trading in the 23.85 - 29.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although OLMA has an excellent technical rating, the quality of the presented setup is 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
24.75
We found 1 important support area.
- A support zone ranging from 25.00 to 25.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 27.45 to 27.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | UP | POSITIVE | The long term trend for OLMA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OLMA is neutral. |
| ChartMill Relative Strength | 99.3 | POSITIVE | OLMA has a high relative strength, it outperformed 99.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OLMA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OLMA is below 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) | 44.71 | NEUTRAL | The RSI value for OLMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests OLMA has a negative trend. |
| Stochastics (14,3) | 37.7 | NEUTRAL | The Stochastics value for OLMA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.37 | HIGH VOLATILITY | The high ATR as a percentage value for OLMA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.34 | NEGATIVE | The low ADX value for OLMA suggests a weak or negative trend. |
25.23
-1.19 (-4.5%)
OLEMA PHARMACEUTICALS INC / OLMA FAQ
What is the ChartMill technical rating of OLEMA PHARMACEUTICALS INC (OLMA) stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
What is the RSI signal for OLEMA PHARMACEUTICALS INC (OLMA) stock?
OLEMA PHARMACEUTICALS INC (OLMA) has an RSI value of 44.7058. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OLEMA PHARMACEUTICALS INC?
The MACD indicator for OLEMA PHARMACEUTICALS INC (OLMA) has a value of -0.390078, indicating a bearish trend.