OMNICOM GROUP (OMC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:OMC • US6819191064
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.
- When comparing the yearly performance of all stocks, OMC is a bad performer in the overall market: 80% 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 66.33 - 81.41 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- OMC has an average volume of 5123610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- OMC is an average performer in the Media industry, it outperforms 60% of 92 stocks in the same industry.
The technical rating of OMC is bad and it also does not present a quality setup 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.
More info and screens
68.53
When analyzing the support we notice one important area.
- A support zone ranging from 69.22 to 69.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 76.58 to 77.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 79.26 to 79.79. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @81.53 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 | DOWN | NEGATIVE | The short term trend for OMC is down. |
| ChartMill Relative Strength | 20.43 | NEGATIVE | OMC has a low relative strength, it was outperformed by 79.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OMC is below 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) | 33.61 | NEUTRAL | The RSI value for OMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.15 | NEGATIVE | The MACD value suggests OMC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.18 | NEUTRAL | The Stochastics value for OMC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for OMC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.64 | POSITIVE | The high ADX value value for OMC suggests a strong trend. |
69.87
+0.75 (+1.09%)
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.
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 33.6114. 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 -1.14667, indicating a bearish trend.
Can you provide the short term momentum for OMNICOM GROUP?
The short term momentum for OMNICOM GROUP (OMC) is negative.