OMNICOM GROUP (OMC) Stock Technical Analysis
USA - NYSE:OMC - US6819191064 - Common Stock
Taking everything into account, OMC scores 5 out of 10 in our technical rating. OMC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
OMC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 78.66, 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.
More info and screens
68.53
When analyzing the support we can see 2 important areas.
- A support zone ranging from 76.00 to 78.66. 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 79.48 to 81.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @83.87 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 | NEUTRAL | NEUTRAL | The long term trend for OMC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OMC is up. |
| ChartMill Relative Strength | 19.6 | NEGATIVE | OMC has a low relative strength, it was outperformed by 80.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OMC is above the rising 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 | MIXED | The current price of OMC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.67 | NEUTRAL | The RSI value for OMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests OMC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.98 | NEUTRAL | The Stochastics value for OMC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for OMC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.15 | NEGATIVE | The low ADX value for OMC suggests a weak or negative trend. |
79
-1.33 (-1.66%)
OMNICOM GROUP / OMC FAQ
What is the ChartMill technical rating of OMNICOM GROUP (OMC) stock?
ChartMill assigns a technical rating of 5 / 10 to OMC.
Can you provide the trend direction for OMNICOM GROUP?
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 52.6739. 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 0.151991, indicating a bearish trend.