OMEROS CORP (OMER) Stock Technical Analysis
USA - NASDAQ:OMER - US6821431029 - Common Stock
Taking everything into account, OMER scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, OMER has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although OMER has an excellent technical rating, it does not present a decent entry opportunity 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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3.02
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.54 to 7.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.24 from a trend line in the daily time frame.
- Support @4.03 from a horizontal line in the daily time frame.
- Support @3.05 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @8.11 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for OMER is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OMER is up. |
| ChartMill Relative Strength | 96.06 | POSITIVE | OMER has a high relative strength, it outperformed 96.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OMER is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OMER is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OMER is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.42 | NEUTRAL | The RSI value for OMER is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests OMER has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.52 | NEUTRAL | The Stochastics value for OMER is a neutral value. |
| Average True Range in percent/ATR (20) | 10.65 | HIGH VOLATILITY | The high ATR as a percentage value for OMER suggests high volalility. |
| Average Directional Index/ADX (14) | 38.21 | POSITIVE | The high ADX value value for OMER suggests a strong trend. |
7.71
+0.16 (+2.12%)
OMEROS CORP / OMER FAQ
What is the ChartMill technical rating of OMEROS CORP (OMER) stock?
ChartMill assigns a technical rating of 10 / 10 to OMER.
What is the trend direction for OMER stock?
The current trend direction for OMEROS CORP (OMER) is Bullish.
What is the RSI signal for OMER stock?
OMEROS CORP (OMER) has an RSI value of 62.4156. 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 0.115175, indicating a bearish trend.
Can you provide the support and resistance levels for OMEROS CORP?
OMEROS CORP (OMER) has a support level at 7.54 and a resistance level at 8.11. Check the full technical report for our detailed analysis of OMER support and resistance levels.