OUTSET MEDICAL INC (OM) Stock Technical Analysis
USA - NASDAQ:OM - US6901452069 - Common Stock
14.75 USD
-0.45 (-2.96%)
14.75 USD
0 (0%)
Taking everything into account, OM scores 8 out of 10 in our technical rating. Although OM has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that OM is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, OM also shows a nice and consistent pattern of rising prices.
OM is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 87% of 190 stocks in the same industry.
In the last month OM has a been trading in the 11.62 - 16.16 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
OM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OM is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although OM 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
8.08
21.21
5 important support areas can be observed.
- A support zone ranging from 14.13 to 14.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.74 from a trend line in the daily time frame.
- Support @12.43 from a horizontal line in the daily time frame.
- Support @9.43 from a trend line in the weekly time frame.
- Support @8.16 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @14.76 from a horizontal line in the weekly time frame.
- Resistance @15.24 from a trend line in the daily time frame.
- A resistance zone ranging from 15.77 to 15.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @21.00 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for OM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OM is up. |
| ChartMill Relative Strength | 86.28 | POSITIVE | OM has a high relative strength, it outperformed 86.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.73 | NEUTRAL | The RSI value for OM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests OM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.47 | NEUTRAL | The Stochastics value for OM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.75 | HIGH VOLATILITY | The high ATR as a percentage value for OM suggests high volalility. |
| Average Directional Index/ADX (14) | 17.14 | 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)
14.75
-0.45 (-2.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.96%
1 Week11.32%
2 Weeks18.47%
1 Month1.58%
3 Month-20.4%
6 Month27.37%
12 Month80.76%
2 Year-72.22%
3 Year-93.67%
5 Year-97.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.29
ATR(20)%7.75%
ATR Inc-33.02%
Range Today0.78
ADR(20)1.14
ADR(20)%7.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.28
3 months CRS9.25
6 months CRS74.83
Mansfield-0.89
10 Day High15.94
10 Day Low11.62
20 Day High16.16
20 Day Low11.62
52 Week High25.35
52 Week Low5.85
CS1 End14.41
CR1 Start14.76
Volume & EV
DER(3)-6.14%
DER(5)-4.49%
Volume114.00K
Volume Incr41.63%
Vol(5)358.52K
Vol(50)217.03K
OUTSET MEDICAL INC / OM FAQ
What is the technical rating for OM stock?
ChartMill assigns a technical rating of 8 / 10 to OM.
What is the current trend direction of OUTSET MEDICAL INC (OM) stock?
The current trend direction for OUTSET MEDICAL INC (OM) is Bearish.
What is the RSI signal for OUTSET MEDICAL INC (OM) stock?
OUTSET MEDICAL INC (OM) has an RSI value of 52.731. This indicates that the stock is currently neutral.
What is the short term momentum for OUTSET MEDICAL INC (OM) stock?
The short term momentum for OUTSET MEDICAL INC (OM) is positive.