OUTSET MEDICAL INC (OM) Stock Technical Analysis
NASDAQ:OM - Nasdaq - US6901452069 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to OM. OM was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
76% of all other stocks performed better in the past year than OM.
OM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month OM has a been trading in the 17.00 - 21.36 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
OM is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, OM did better than 55% of them.
OM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 17.77, a Stop Loss order could be placed below this zone.
More info and screens
8.08
21.45
2 important support areas can be observed.
- A support zone ranging from 17.37 to 17.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.16 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.93 to 21.24. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for OM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OM is neutral. |
| ChartMill Relative Strength | 24.15 | NEGATIVE | OM has a low relative strength, it was outperformed by 75.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.27 | NEUTRAL | The RSI value for OM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests OM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.99 | NEUTRAL | The Stochastics value for OM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.49 | HIGH VOLATILITY | The high ATR as a percentage value for OM suggests high volalility. |
| Average Directional Index/ADX (14) | 19.26 | NEGATIVE | The low ADX value for OM 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)
18.53
+0.92 (+5.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg5.22%
1 Week6.37%
2 Weeks-4.44%
1 Month-7.95%
3 Month60.02%
6 Month45.28%
12 Month-66.97%
2 Year-94%
3 Year-92%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.19
ATR(20)%6.49%
ATR Inc30.86%
Range Today1.08
ADR(20)1.19
ADR(20)%6.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.15
Mansfield1.99
10 Day High20.28
10 Day Low17
20 Day High21.36
20 Day Low17
52 Week High58.5
52 Week Low5.85
CS1 End17.77
CR1 Start20.93
Volume & EV
DER(3)-1.27%
DER(5)-2.36%
Volume172.40K
Volume Incr-46.33%
Vol(5)271.38K
Vol(50)372.63K