OUTSET MEDICAL INC (OM) Stock Technical Analysis
NASDAQ:OM - US6901452069 - Common Stock
14.1 USD
+0.38 (+2.77%)
14.1 USD
0 (0%)
We assign a technical rating of 3 out of 10 to OM. Although OM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
Looking at the yearly performance, OM did better than 85% of all other stocks.
OM is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 86% of 185 stocks in the same industry.
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.
In the last month OM has a been trading in the 12.16 - 17.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
OM has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
8.08
21.21
When analyzing the support we can see 5 important areas.
- A support zone ranging from 13.44 to 13.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.79 to 12.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.42 from a horizontal line in the daily time frame.
- Support @9.15 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 14.21 to 14.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.74 from a trend line 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 | DOWN | NEGATIVE | The long term trend for OM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OM is down. |
| ChartMill Relative Strength | 85.62 | POSITIVE | OM has a high relative strength, it outperformed 85.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OM is above 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 | MIXED | The current price of OM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.65 | NEUTRAL | The RSI value for OM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests OM has a positive trend. |
| Stochastics (14,3) | 36.64 | NEUTRAL | The Stochastics value for OM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.49 | HIGH VOLATILITY | The high ATR as a percentage value for OM suggests high volalility. |
| Average Directional Index/ADX (14) | 18.66 | 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)
14.1
+0.38 (+2.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.77%
1 Week5.62%
2 Weeks11.29%
1 Month-19.61%
3 Month-19.75%
6 Month29.17%
12 Month77.36%
2 Year-93.09%
3 Year-94.86%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.05
ATR(20)%7.49%
ATR Inc-39.86%
Range Today0.75
ADR(20)0.97
ADR(20)%6.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.62
Mansfield-0.49
10 Day High14.35
10 Day Low12.46
20 Day High17.89
20 Day Low12.16
52 Week High25.35
52 Week Low5.85
CS1 End13.54
CR1 Start14.21
Volume & EV
DER(3)2.89%
DER(5)2.33%
Volume156.20K
Volume Incr-53.52%
Vol(5)156.44K
Vol(50)387.96K