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.
- In the last month OMER has a been trading in the 11.52 - 17.65 range, which is quite wide. It is currently trading near the lows of this range.
- OMER is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 81% of 191 stocks in the same industry.
- OMER has an average volume of 2874320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Looking at the yearly performance, OMER did better than 92% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- 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.
Although OMER has an excellent technical rating, the quality of the presented setup is not ideal 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
10.54
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.92 to 11.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.65 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 | UP | POSITIVE | The long term trend for OMER is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OMER is down. |
| ChartMill Relative Strength | 92.7 | POSITIVE | OMER has a high relative strength, it outperformed 92.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OMER is below 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) | 47.11 | NEUTRAL | The RSI value for OMER is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests OMER has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.3 | OVERSOLD | The low Stochastics value suggests OMER may be oversold. |
| Average True Range in percent/ATR (20) | 13.59 | HIGH VOLATILITY | The high ATR as a percentage value for OMER suggests high volalility. |
| Average Directional Index/ADX (14) | 28.69 | POSITIVE | The high ADX value value for OMER suggests a strong trend. |
11.93
-0.22 (-1.81%)
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 47.111. 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 -0.388451, indicating a bearish trend.
What is the buy/sell signal for OMEROS CORP (OMER) stock?
The buy/sell signal for OMEROS CORP (OMER) is hold as the short term and long term trends are mixed.