OUTSET MEDICAL INC (OM) Stock Technical Analysis
NASDAQ:OM - Nasdaq - US6901452069 - Common Stock - Currency: USD
Overall OM gets a technical rating of 8 out of 10. Although OM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
OM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OM is lagging the market.
The long and short term trends are both positive. This is looking good!
OM is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 79% of 187 stocks in the same industry.
Looking at the yearly performance, OM did better than 78% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month OM has a been trading in the 16.73 - 21.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
OM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.93. Right above this resistance zone may be a good entry point.
More info and screens
8.08
21.45
3 important support areas can be observed.
- Support @17.57 from a horizontal line in the daily time frame.
- Support @13.06 from a trend line in the daily time frame.
- 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 | UP | POSITIVE | The short term trend for OM is up. |
| ChartMill Relative Strength | 78.63 | POSITIVE | OM has a high relative strength, it outperformed 78.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OM is below 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) | UP | POSITIVE | The current price of OM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.46 | NEUTRAL | The RSI value for OM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests OM has a negative trend. |
| Stochastics (14,3) | 55.75 | NEUTRAL | The Stochastics value for OM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.6 | HIGH VOLATILITY | The high ATR as a percentage value for OM suggests high volalility. |
| Average Directional Index/ADX (14) | 32.84 | POSITIVE | The high ADX value value for OM suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.25 | 18.61 | 2.64 (12.42%) | 8.05% |
| An entry @21.25. This is a Buy Stop order right above the resistance zone. | An exit @18.61. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.64 points, which is 12.42%. | When investing 8.05% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:OM (6/20/2025, 2:42:43 PM)
19.15
-0.42 (-2.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.15%
1 Week-4.19%
2 Weeks1.29%
1 Month0.31%
3 Month94.73%
6 Month7.82%
12 Month-69.87%
2 Year-94.03%
3 Year-91.22%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.45
ATR(20)%7.6%
ATR Inc25.29%
Range Today0.88
ADR(20)1.48
ADR(20)%7.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.63
Mansfield0.38
10 Day High21.98
10 Day Low18.62
20 Day High21.98
20 Day Low16.73
52 Week High72.6
52 Week Low5.85
CS1 End17.57
CR1 Start20.93
Volume & EV
DER(3)-1.2%
DER(5)0.32%
Volume199.15K
Volume Incr37.42%
Vol(5)366.28K
Vol(50)238.43K