OMEROS CORP (OMER) Stock Technical Analysis
NASDAQ:OMER - Nasdaq - US6821431029 - Common Stock - Currency: USD
Overall OMER gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. OMER was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, OMER is a bad performer in the overall market: 94% of all stocks are doing better.
OMER is one of the lesser performing stocks in the Pharmaceuticals industry. 73% of 194 stocks in the same industry do better.
OMER is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
OMER has an average volume of 1104820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month OMER has a been trading in the 3.00 - 4.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OMER has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
3.02
5.39
3 important support areas can be observed.
- A support zone ranging from 3.61 to 3.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.31 to 3.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.05 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @3.88 from a horizontal line in the weekly time frame.
- Resistance @3.97 from a trend line in the daily time frame.
- A resistance zone ranging from 4.14 to 4.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.34 from a trend 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 OMER is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OMER is up. |
| ChartMill Relative Strength | 6.16 | NEGATIVE | OMER has a low relative strength, it was outperformed by 93.84% 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) | UP | MIXED | The current price of OMER is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.91 | NEUTRAL | The RSI value for OMER is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests OMER has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.18 | NEUTRAL | The Stochastics value for OMER is a neutral value. |
| Average True Range in percent/ATR (20) | 8.59 | HIGH VOLATILITY | The high ATR as a percentage value for OMER suggests high volalility. |
| Average Directional Index/ADX (14) | 29.05 | POSITIVE | The high ADX value value for OMER suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.87
+0.02 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.52%
1 Week7.8%
2 Weeks11.21%
1 Month25.24%
3 Month-46.03%
6 Month-55.1%
12 Month-20.53%
2 Year-11.03%
3 Year-22.29%
5 Year-69.84%
10 Year-75.96%
15 Year-46.62%
Volatility
ATR(14)0.38
ATR(20)%8.59%
ATR Inc-23.45%
Range Today0.28
ADR(20)0.33
ADR(20)%8.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.16
Mansfield-4.29
10 Day High4.52
10 Day Low3.34
20 Day High4.52
20 Day Low3
52 Week High13.6
52 Week Low2.95
CS1 End3.65
CR1 Start3.88
Volume & EV
DER(3)-1.52%
DER(5)-0.59%
Volume1.23M
Volume Incr205.29%
Vol(5)2.95M
Vol(50)1.10M