OMNICOM GROUP (OMC) Stock Technical Analysis
USA - NYSE:OMC - US6819191064 - Common Stock
Overall OMC gets a technical rating of 0 out of 10. OMC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
OMC has a poor technical rating and the quality of the setup is also not perfect 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 notice one important area.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 76.31 to 76.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
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 OMC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OMC is down. |
| ChartMill Relative Strength | 18.7 | NEGATIVE | OMC has a low relative strength, it was outperformed by 81.3% 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) | DOWN | NEGATIVE | The current price of OMC is below a declining 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) | 37.39 | NEUTRAL | The RSI value for OMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests OMC has a negative trend. |
| Stochastics (14,3) | 24.47 | NEUTRAL | The Stochastics value for OMC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for OMC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.37 | NEGATIVE | The low ADX value for OMC suggests a weak or negative trend. |
74.87
+3.36 (+4.7%)
OMNICOM GROUP / OMC FAQ
What is the ChartMill technical rating of OMNICOM GROUP (OMC) stock?
ChartMill assigns a technical rating of 0 / 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 37.3916. 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 -0.148748, indicating a bearish trend.
What is the buy/sell signal for OMNICOM GROUP (OMC) stock?
The buy/sell signal for OMNICOM GROUP (OMC) is sell as both the short term and long term trends are negative.