OLEMA PHARMACEUTICALS INC (OLMA) Technical Analysis
NASDAQ:OLMA • US68062P1066
Current stock price
OLMA Technical Rating and Analysis
Taking everything into account, OLMA scores 3 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month OLMA has a been trading in the 12.99 - 25.31 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- 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 89% of 519 stocks in the same industry.
- OLMA has an average volume of 1764640 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 trading in the upper part of its 52 week range, so OLMA is lagging the market slightly.
OLMA Weekly and Daily overview Charts
OLMA Setup Rating and Analysis
OLMA has a poor technical rating and the quality of the setup is also not perfect 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
12.25
We found 2 important support areas.
- A support zone ranging from 13.92 to 13.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.37 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.95 to 19.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.23 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 | DOWN | NEGATIVE | The short term trend for OLMA is down. |
| ChartMill Relative Strength | 96.73 | POSITIVE | OLMA has a high relative strength, it outperformed 96.73% 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) | DOWN | NEGATIVE | The current price of OLMA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OLMA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 26.8 | OVERSOLD | The low RSI value suggests OLMA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests OLMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.64 | OVERSOLD | The low Stochastics value suggests OLMA may be oversold. |
| Average True Range in percent/ATR (20) | 11.63 | HIGH VOLATILITY | The high ATR as a percentage value for OLMA suggests high volalility. |
| Average Directional Index/ADX (14) | 36.52 | POSITIVE | The high ADX value value for OLMA suggests a strong trend. |
OLMA Chart- and CandleStick Pattern Analysis
OLMA Technicals: Chart, Performance Metrics, Trend & Indicators
13.93
-0.04 (-0.29%)
OLEMA PHARMACEUTICALS INC / OLMA TA FAQ
What is the ChartMill technical rating of OLEMA PHARMACEUTICALS INC (OLMA) stock?
ChartMill assigns a technical rating of 3 / 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.
What is the RSI signal for OLEMA PHARMACEUTICALS INC (OLMA) stock?
OLEMA PHARMACEUTICALS INC (OLMA) has an RSI value of 26.7965. This indicates that the stock is currently oversold.
Can you provide the MACD signal for OLEMA PHARMACEUTICALS INC?
The MACD indicator for OLEMA PHARMACEUTICALS INC (OLMA) has a value of -0.259077, indicating a bearish trend.
What is the buy/sell signal for OLEMA PHARMACEUTICALS INC (OLMA) stock?
The buy/sell signal for OLEMA PHARMACEUTICALS INC (OLMA) is sell as both the short term and long term trends are negative.