OMC Technical Analysis - OMNICOM GROUP

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to OMC. In the last year, OMC was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, OMC is a bad performer in the overall market: 82% of all stocks are doing better.

OMC 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 OMC has a been trading in the 74.06 - 82.95 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

OMC has an average volume of 3484780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

OMC is part of the Media industry. There are 98 other stocks in this industry, OMC did better than 47% of them.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is only medium, OMC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 77.34, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

68.53

84.71

3 important support areas can be observed.

A support zone ranging from 76.28 to 77.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @73.28 from a trend line in the daily time frame.
A support zone ranging from 69.22 to 70.37. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

Resistance @78.21 from a trend line in the weekly time frame.
A resistance zone ranging from 79.48 to 79.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 81.41 to 81.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @83.87 from a horizontal line in the daily time frame.

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Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for OMC is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for OMC is neutral.
ChartMill Relative Strength	18.12	NEGATIVE	OMC has a low relative strength, it was outperformed by 81.88% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of OMC is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of OMC is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of OMC is below a declining SMA(200).
Relative Strength Index/RSI (14)	51.58	NEUTRAL	The RSI value for OMC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests OMC has a positive trend, although the MACD value is declining.
Stochastics (14,3)	36.43	NEUTRAL	The Stochastics value for OMC is a neutral value.
Average True Range in percent/ATR (20)	2.65	MEDIUM VOLATILITY	The ATR as a percentage value for OMC suggests some volalility.
Average Directional Index/ADX (14)	15.44	NEGATIVE	The low ADX value for OMC suggests a weak or negative trend.