OMEGA PROTEIN CORP (OME) Stock Technical Analysis
NYSE:OME - New York Stock Exchange, Inc. - US68210P1075
We assign a technical rating of 7 out of 10 to OME. Although OME is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, OME also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 21.97, a Stop Loss order could be placed below this zone.
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21.59
We found 1 important support area.
- A support zone ranging from 21.81 to 21.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.35 to 22.35. 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 | UP | POSITIVE | The long term trend for OME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OME is up. |
| ChartMill Relative Strength | 72.56 | POSITIVE | OME has a high relative strength, it outperformed 72.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OME is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.41 | NEUTRAL | The RSI value for OME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests OME has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.62 | NEUTRAL | The Stochastics value for OME is a neutral value. |
| Average True Range in percent/ATR (20) | 0.32 | LOW VOLATILITY | The low ATR as a percentage value for OME suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.01 | 21.89 | 0.12 (0.55%) | 25.00% |
| An entry @22.01. This is a Buy Stop order right above the 10 day high. | An exit @21.89. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.12 points, which is 0.55%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.14%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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