VISTASHARES TRG 15 BERKSHIRE (OMAH) Stock Technical Analysis
NYSEARCA:OMAH - NYSE Arca - US45259A5149 - ETF - Currency: USD
Taking everything into account, OMAH scores 5 out of 10 in our technical rating. In the last year, OMAH was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
OMAH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 19.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.17, a Stop Loss order could be placed below this zone.
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18.86
When analyzing the support we notice one important area.
- A support zone ranging from 19.05 to 19.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 19.65 to 19.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.13 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for OMAH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OMAH is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | OMAH has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OMAH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OMAH is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 55.44 | NEUTRAL | The RSI value for OMAH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OMAH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.94 | NEUTRAL | The Stochastics value for OMAH is a neutral value. |
| Average True Range in percent/ATR (20) | 0.75 | LOW VOLATILITY | The low ATR as a percentage value for OMAH suggests low volalility. |
| Average Directional Index/ADX (14) | 15.8 | NEGATIVE | The low ADX value for OMAH suggests a weak or negative trend. |
19.3
+0.11 (+0.57%)