OMADA HEALTH INC (OMDA) Stock Technical Analysis
NASDAQ:OMDA • US68170A1088
We assign a technical rating of 0 out of 10 to OMDA. OMDA'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, OMDA is a bad performer in the overall market: 100% of all stocks are doing better.
- OMDA is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, of which 89% are performing better than OMDA.
- In the last month OMDA has a been trading in the 10.28 - 17.27 range, which is quite wide. It is currently trading near the lows of this range.
- OMDA has an average volume of 1250040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of OMDA 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
11.20
We can see 4 important resistance areas.
- A resistance zone ranging from 13.91 to 13.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @14.36 from a trend line in the weekly time frame.
- A resistance zone ranging from 15.47 to 15.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.57 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 | DOWN | NEGATIVE | The long term trend for OMDA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OMDA is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | OMDA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OMDA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OMDA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 27.21 | OVERSOLD | The low RSI value suggests OMDA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests OMDA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.45 | OVERSOLD | The low Stochastics value suggests OMDA may be oversold. |
| Average True Range in percent/ATR (20) | 9.11 | HIGH VOLATILITY | The high ATR as a percentage value for OMDA suggests high volalility. |
| Average Directional Index/ADX (14) | 35.61 | POSITIVE | The high ADX value value for OMDA suggests a strong trend. |
11.31
+0.08 (+0.71%)
OMADA HEALTH INC / OMDA FAQ
Can you provide the ChartMill technical rating for OMADA HEALTH INC?
ChartMill assigns a technical rating of 0 / 10 to OMDA.
Can you provide the trend direction for OMADA HEALTH INC?
The current trend direction for OMADA HEALTH INC (OMDA) is Bearish.
Can you provide the RSI signal for OMADA HEALTH INC?
OMADA HEALTH INC (OMDA) has an RSI value of 27.2076. This indicates that the stock is currently oversold.
What is the MACD signal for OMADA HEALTH INC (OMDA) stock?
The MACD indicator for OMADA HEALTH INC (OMDA) has a value of -0.305349, indicating a bearish trend.
What are the support and resistance levels for OMADA HEALTH INC (OMDA) stock?
OMADA HEALTH INC (OMDA) has a resistance level at 13.91. Check the full technical report for our detailed analysis of OMDA support and resistance levels.