We assign a technical rating of 9 out of 10 to OLMA. 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.
Although OLMA has an excellent technical rating, it does not offer a high quality setup 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
24.81
We found 1 important support area.
- A support zone ranging from 25.06 to 25.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.18 to 29.04. 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 | 99.44 | POSITIVE | OLMA has a high relative strength, it outperformed 99.44% 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 | 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) | 47.13 | NEUTRAL | The RSI value for OLMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.39 | NEGATIVE | The MACD value suggests OLMA has a negative trend. |
| Stochastics (14,3) | 2.94 | OVERSOLD | The low Stochastics value suggests OLMA may be oversold. |
| Average True Range in percent/ATR (20) | 9.62 | HIGH VOLATILITY | The high ATR as a percentage value for OLMA suggests high volalility. |
| Average Directional Index/ADX (14) | 38.77 | POSITIVE | The high ADX value value for OLMA suggests a strong trend. |
25.07
-0.57 (-2.22%)
OLEMA PHARMACEUTICALS INC / OLMA FAQ
What is the ChartMill technical rating of OLEMA PHARMACEUTICALS INC (OLMA) stock?
ChartMill assigns a technical rating of 9 / 10 to OLMA.
Can you provide the trend direction for OLEMA PHARMACEUTICALS INC?
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 47.1311. This indicates that the stock is currently neutral.
What are the support and resistance levels for OLEMA PHARMACEUTICALS INC (OLMA) stock?
OLEMA PHARMACEUTICALS INC (OLMA) has a support level at 25.06 and a resistance level at 28.18. Check the full technical report for our detailed analysis of OLMA support and resistance levels.