ODYSSEY MARINE EXPLORATION (OMEX) Stock Technical Analysis
NASDAQ:OMEX • US6761182012
We assign a technical rating of 3 out of 10 to OMEX. Although OMEX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- OMEX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- OMEX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Looking at the yearly performance, OMEX did better than 96% of all other stocks.
- OMEX is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 97% of 80 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
The technical rating of OMEX is bad and it also does not present a 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
1.42
When analyzing the support we notice one important area.
- A support zone ranging from 1.43 to 1.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.54 to 1.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.77 from a trend line in the daily time frame.
- Resistance @1.83 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.35 to 2.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 OMEX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OMEX is down. |
| ChartMill Relative Strength | 96.77 | POSITIVE | OMEX has a high relative strength, it outperformed 96.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OMEX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OMEX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OMEX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.57 | NEUTRAL | The RSI value for OMEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests OMEX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.19 | NEUTRAL | The Stochastics value for OMEX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.72 | 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. |
1.47
-0.06 (-3.92%)
ODYSSEY MARINE EXPLORATION / OMEX FAQ
Can you provide the ChartMill technical rating for ODYSSEY MARINE EXPLORATION?
ChartMill assigns a technical rating of 3 / 10 to OMEX.
Can you provide the trend direction for ODYSSEY MARINE EXPLORATION?
The current trend direction for ODYSSEY MARINE EXPLORATION (OMEX) is Bearish.
What is the RSI signal for OMEX stock?
ODYSSEY MARINE EXPLORATION (OMEX) has an RSI value of 36.5693. This indicates that the stock is currently neutral.
What is the short term momentum for OMEX stock?
The short term momentum for ODYSSEY MARINE EXPLORATION (OMEX) is negative.
What are the support and resistance levels for ODYSSEY MARINE EXPLORATION (OMEX) stock?
ODYSSEY MARINE EXPLORATION (OMEX) has a support level at 1.46 and a resistance level at 1.54. Check the full technical report for our detailed analysis of OMEX support and resistance levels.