OUTSET MEDICAL INC (OM) Technical Analysis
NASDAQ:OM • US6901452069
Current stock price
OM Technical Rating and Analysis
Overall OM gets a technical rating of 1 out of 10. OM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, OM is a bad performer in the overall market: 89% of all stocks are doing better.
- OM is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 63% of 188 stocks in the same industry do better.
- OM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so OM is lagging the market.
- In the last month OM has a been trading in the 3.00 - 3.74 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 Weekly and Daily overview Charts
OM Setup Rating and Analysis
OM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.57. Right above this resistance zone may be a good entry point.
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OM Support and Resistance Analysis
3.52
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.57 to 3.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
OM Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for OM is neutral. |
| ChartMill Relative Strength | 11.24 | NEGATIVE | OM has a low relative strength, it was outperformed by 88.76% 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) | DOWN | NEGATIVE | The current price of OM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.48 | NEUTRAL | The RSI value for OM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests OM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.07 | NEUTRAL | The Stochastics value for OM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.23 | HIGH VOLATILITY | The high ATR as a percentage value for OM suggests high volalility. |
| Average Directional Index/ADX (14) | 14.97 | NEGATIVE | The low ADX value for OM suggests a weak or negative trend. |
OM Chart- and CandleStick Pattern Analysis
OM Technicals: Chart, Performance Metrics, Trend & Indicators
3.56
+0.04 (+1.14%)
OUTSET MEDICAL INC / OM TA FAQ
What is the technical rating for OM stock?
ChartMill assigns a technical rating of 1 / 10 to OM.
Can you provide the trend direction for OUTSET MEDICAL INC?
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 49.4844. This indicates that the stock is currently neutral.
Can you provide the short term momentum for OUTSET MEDICAL INC?
The short term momentum for OUTSET MEDICAL INC (OM) is neutral.
Can you provide the support and resistance levels for OUTSET MEDICAL INC?
OUTSET MEDICAL INC (OM) has a resistance level at 3.57. Check the full technical report for our detailed analysis of OM support and resistance levels.