ODYSSEY MARINE EXPLORATION (OMEX) Stock Technical Analysis
NASDAQ:OMEX - Nasdaq - US6761182012 - Common Stock - Currency: USD
Overall OMEX gets a technical rating of 8 out of 10. OMEX has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
OMEX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OMEX is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
OMEX is part of the Commercial Services & Supplies industry. There are 503 other stocks in this industry. OMEX outperforms 98% of them.
In the last month OMEX has a been trading in the 0.72 - 1.35 range, which is quite wide. It is currently trading near the high of this range.
OMEX has an average volume of 21744700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that OMEX is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although OMEX 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
0.85
1.26
We found 1 important support area.
- A support zone ranging from 0.86 to 0.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @1.25 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for OMEX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OMEX is up. |
| ChartMill Relative Strength | 93.71 | POSITIVE | OMEX has a high relative strength, it outperformed 93.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OMEX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OMEX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OMEX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.75 | NEUTRAL | The RSI value for OMEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OMEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.34 | NEUTRAL | The Stochastics value for OMEX is a neutral value. |
| Average True Range in percent/ATR (20) | 10.85 | HIGH VOLATILITY | The high ATR as a percentage value for OMEX suggests high volalility. |
| Average Directional Index/ADX (14) | 30.51 | POSITIVE | The high ADX value value for OMEX 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)
1.115
-0.12 (-10.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-10.08%
1 Week22.39%
2 Weeks42.64%
1 Month18.68%
3 Month168.8%
6 Month218.48%
12 Month-78.96%
2 Year-69.03%
3 Year-67.3%
5 Year-75.62%
10 Year-80.23%
15 Year-90.71%
Volatility
ATR(14)0.13
ATR(20)%10.85%
ATR Inc130.04%
Range Today0.13
ADR(20)0.12
ADR(20)%10.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.71
Mansfield-3.39
10 Day High1.35
10 Day Low0.72
20 Day High1.35
20 Day Low0.72
52 Week High5.46
52 Week Low0.27
CS1 End0.88
CR1 Start1.25
Volume & EV
DER(3)-2.97%
DER(5)-0.18%
Volume1.72M
Volume Incr61.85%
Vol(5)2.75M
Vol(50)21.74M