OMNICOM GROUP (OMC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OMC - US6819191064 - Common Stock
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.
OMC has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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68.53
When analyzing the support we can see 2 important areas.
- A support zone ranging from 75.93 to 77.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 81.23 to 81.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 82.70 to 82.91. This zone is formed by a combination of multiple trend lines 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 | 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 | 29.94 | NEGATIVE | OMC has a low relative strength, it was outperformed by 70.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OMC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OMC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OMC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.5 | NEUTRAL | The RSI value for OMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests OMC has a negative trend. |
| Stochastics (14,3) | 15.87 | OVERSOLD | The low Stochastics value suggests OMC may be oversold. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for OMC suggests some volalility. |
| Average Directional Index/ADX (14) | 27.28 | POSITIVE | The high ADX value value for OMC suggests a strong trend. |
77.58
-2.05 (-2.57%)
OMNICOM GROUP / OMC FAQ
What is the ChartMill technical rating of OMNICOM GROUP (OMC) stock?
ChartMill assigns a technical rating of 4 / 10 to OMC.
What is the current trend direction of OMNICOM GROUP (OMC) stock?
The current trend direction for OMNICOM GROUP (OMC) is Bearish.
Can you provide the RSI signal for OMNICOM GROUP?
OMNICOM GROUP (OMC) has an RSI value of 47.4952. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OMNICOM GROUP?
The MACD indicator for OMNICOM GROUP (OMC) has a value of -0.371764, indicating a bearish trend.
Can you provide the short term momentum for OMNICOM GROUP?
The short term momentum for OMNICOM GROUP (OMC) is neutral.