OLEMA PHARMACEUTICALS INC (OLMA) Stock Technical Analysis
NASDAQ:OLMA - Nasdaq - US68062P1066 - Common Stock - Currency: USD
Taking everything into account, OLMA scores 1 out of 10 in our technical rating. OLMA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, OLMA is a bad performer in the overall market: 92% of all stocks are doing better.
OLMA is one of the lesser performing stocks in the Biotechnology industry. 61% of 557 stocks in the same industry do better.
OLMA is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so OLMA is lagging the market.
In the last month OLMA has a been trading in the 3.89 - 5.61 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, OLMA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.47. Right above this resistance zone may be a good entry point.
More info and screens
3.96
4.73
When analyzing the support we can see 2 important areas.
- Support @4.12 from a horizontal line in the weekly time frame.
- Support @4.00 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.47 to 4.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 4.60 to 4.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 8.24 | NEGATIVE | OLMA has a low relative strength, it was outperformed by 91.76% 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) | DOWN | NEGATIVE | The current price of OLMA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.5 | NEUTRAL | The RSI value for OLMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests OLMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.57 | OVERSOLD | The low Stochastics value suggests OLMA may be oversold. |
| Average True Range in percent/ATR (20) | 8.97 | HIGH VOLATILITY | The high ATR as a percentage value for OLMA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.74 | NEGATIVE | The low ADX value for OLMA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.13
+0.03 (+0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.73%
1 Week1.72%
2 Weeks-1.9%
1 Month-17.56%
3 Month-2.36%
6 Month-32.3%
12 Month-64.49%
2 Year-54.26%
3 Year1.47%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%8.97%
ATR Inc-37.35%
Range Today0.25
ADR(20)0.37
ADR(20)%8.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.24
Mansfield-5.15
10 Day High4.59
10 Day Low3.89
20 Day High5.61
20 Day Low3.89
52 Week High16.62
52 Week Low2.86
CS1 End4.12
CR1 Start4.47
Volume & EV
DER(3)-1.77%
DER(5)-0.44%
Volume1.03M
Volume Incr22.19%
Vol(5)928.20K
Vol(50)850.57K