OMEROS CORP (OMER) Technical Analysis
NASDAQ:OMER • US6821431029
Current stock price
OMER Technical Rating and Analysis
Taking everything into account, OMER scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OMER is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, OMER did better than 93% of all other stocks.
- OMER is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 84% of 191 stocks in the same industry.
- OMER is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OMER is lagging the market slightly.
- In the last month OMER has a been trading in the 10.41 - 14.99 range, which is quite wide. It is currently trading near the high of this range.
- OMER has an average volume of 1074550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
OMER Weekly and Daily overview Charts
OMER Setup Rating and Analysis
Although OMER has an excellent technical rating, it does not offer a high 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
OMER Support and Resistance Analysis
10.05
When analyzing the support we can see 3 important areas.
- Support @10.86 from a trend line in the daily time frame.
- Support @10.67 from a trend line in the weekly time frame.
- Support @10.15 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @14.75 from a horizontal line in the daily time frame.
OMER Technical Indicator Signal Analysis
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 | 93 | POSITIVE | OMER has a high relative strength, it outperformed 93% 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 | POSITIVE | The current price of OMER is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.85 | OVERBOUGHT | The high RSI value suggests OMER may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests OMER has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.26 | OVERBOUGHT | The high Stochastics value suggests OMER may be overbought. |
| Average True Range in percent/ATR (20) | 5.34 | HIGH VOLATILITY | The high ATR as a percentage value for OMER suggests high volalility. |
| Average Directional Index/ADX (14) | 38.71 | POSITIVE | The high ADX value value for OMER suggests a strong trend. |
OMER Chart- and CandleStick Pattern Analysis
OMER Technicals: Chart, Performance Metrics, Trend & Indicators
14.56
-0.11 (-0.75%)
OMEROS CORP / OMER TA 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 current trend direction of OMEROS CORP (OMER) stock?
The current trend direction for OMEROS CORP (OMER) is Bullish.
What is the RSI signal for OMEROS CORP (OMER) stock?
OMEROS CORP (OMER) has an RSI value of 71.8549. This indicates that the stock is currently overbought.
What is the short term momentum for OMER stock?
The short term momentum for OMEROS CORP (OMER) is positive.
Can you provide the support and resistance levels for OMEROS CORP?
OMEROS CORP (OMER) has a support level at 10.86 and a resistance level at 14.75. Check the full technical report for our detailed analysis of OMER support and resistance levels.