OUTSET MEDICAL INC (OM) Stock Technical Analysis
NASDAQ:OM - Nasdaq - US6901452069 - Common Stock - Currency: USD
Taking everything into account, OM scores 2 out of 10 in our technical rating. In the last year, OM was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
When comparing the yearly performance of all stocks, OM is a bad performer in the overall market: 86% of all stocks are doing better.
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 negative. It is probably better to wait until this picture becomes clearer.
OM is an average performer in the Health Care Equipment & Supplies industry, it outperforms 44% of 187 stocks in the same industry.
OM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 17.42, a Stop Loss order could be placed below this zone.
More info and screens
8.08
21.21
3 important support areas can be observed.
- A support zone ranging from 17.37 to 17.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.01 from a trend line in the weekly time frame.
- Support @8.16 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 17.57 to 17.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.99 to 19.44. 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 21.00 to 21.00. 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 | DOWN | NEGATIVE | The short term trend for OM is down. |
| ChartMill Relative Strength | 14.71 | NEGATIVE | OM has a low relative strength, it was outperformed by 85.29% 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) | DOWN | NEGATIVE | The current price of OM is below a declining 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) | 43.43 | NEUTRAL | The RSI value for OM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests OM has a negative trend. |
| Stochastics (14,3) | 24.76 | NEUTRAL | The Stochastics value for OM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.53 | HIGH VOLATILITY | The high ATR as a percentage value for OM suggests high volalility. |
| Average Directional Index/ADX (14) | 19.32 | 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)
17.54
-0.5 (-2.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.77%
1 Week-7.44%
2 Weeks-2.96%
1 Month-8.69%
3 Month43.18%
6 Month46.17%
12 Month-66.59%
2 Year-94.32%
3 Year-92.43%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.18
ATR(20)%6.53%
ATR Inc-37.47%
Range Today0.92
ADR(20)1.13
ADR(20)%6.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.71
Mansfield2.06
10 Day High19.6
10 Day Low17
20 Day High21.36
20 Day Low17
52 Week High53.93
52 Week Low5.85
CS1 End17.42
CR1 Start17.57
Volume & EV
DER(3)1.16%
DER(5)-0.37%
Volume311.13K
Volume Incr-43.26%
Vol(5)248.43K
Vol(50)364.64K