OMEROS CORP (OMER) Stock Technical Analysis
NASDAQ:OMER • US6821431029
Taking everything into account, OMER scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, OMER did better than 89% of all other stocks.
- OMER is part of the Pharmaceuticals industry. There are 191 other stocks in this industry. OMER outperforms 75% of them.
- OMER has an average volume of 2636990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- OMER is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OMER is lagging the market.
- In the last month OMER has a been trading in the 10.55 - 12.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
OMER has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OMER in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
10.62
We found 2 important support areas.
- A support zone ranging from 11.14 to 11.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.73 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.70 to 11.70. This zone is formed by a combination of multiple trend lines and important moving averages 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 OMER is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OMER is neutral. |
| ChartMill Relative Strength | 89.7 | POSITIVE | OMER has a high relative strength, it outperformed 89.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OMER is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OMER is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OMER is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.11 | NEUTRAL | The RSI value for OMER is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests OMER has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.41 | NEUTRAL | The Stochastics value for OMER is a neutral value. |
| Average True Range in percent/ATR (20) | 5.44 | HIGH VOLATILITY | The high ATR as a percentage value for OMER suggests high volalility. |
| Average Directional Index/ADX (14) | 15.41 | NEGATIVE | The low ADX value for OMER suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 11.71 | 11.13 | 0.58 (4.95%) | 20.19% |
| An entry @11.71. This is a Buy Stop order right above the resistance zone. | An exit @11.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.58 points, which is 4.95%. | For a 1.00% total portfolio risk, you can invest 20.19% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of OMER. Please evaluate whether better entry and exit points can be found.
- 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.
11.69
+0.25 (+2.19%)
OMEROS CORP / OMER FAQ
What is the ChartMill technical rating of OMEROS CORP (OMER) stock?
ChartMill assigns a technical rating of 7 / 10 to OMER.
What is the current trend direction of OMEROS CORP (OMER) stock?
The current trend direction for OMEROS CORP (OMER) is Bullish.
Can you provide the RSI signal for OMEROS CORP?
OMEROS CORP (OMER) has an RSI value of 49.1091. This indicates that the stock is currently neutral.
What is the MACD signal for OMER stock?
The MACD indicator for OMEROS CORP (OMER) has a value of -0.0416746, indicating a bearish trend.