ONEMAIN HOLDINGS INC (OMF) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:OMF • US68268W1036
Taking everything into account, OMF scores 6 out of 10 in our technical rating. In the last year, OMF was one of the better performers, but we do observe some doubts in the very recent evolution.
- OMF 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.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that OMF is one of the better performing stocks in the market, outperforming 76% of all stocks.
- OMF is one of the better performing stocks in the Consumer Finance industry, it outperforms 84% of 53 stocks in the same industry.
- OMF 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 OMF is lagging the market slightly.
- OMF has an average volume of 1134740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is only medium, OMF does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 65.02, a Stop Loss order could be placed below this zone.
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51.35
When analyzing the support we can see 4 important areas.
- A support zone ranging from 63.51 to 65.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.74 from a trend line in the weekly time frame.
- Support @54.13 from a trend line in the daily time frame.
- A support zone ranging from 51.87 to 52.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 70.88 to 71.37. 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 | UP | POSITIVE | The long term trend for OMF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OMF is neutral. |
| ChartMill Relative Strength | 76.07 | POSITIVE | OMF has a high relative strength, it outperformed 76.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OMF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OMF is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OMF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.42 | NEUTRAL | The RSI value for OMF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests OMF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.68 | NEUTRAL | The Stochastics value for OMF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for OMF suggests some volalility. |
| Average Directional Index/ADX (14) | 23.56 | NEUTRAL | The ADX value for OMF suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 66.51 | 63.50 | 3.01 (4.53%) | 22.10% |
| An entry @66.51. This is a Buy Stop order right above the 10 day high. | An exit @63.50. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.01 points, which is 4.53%. | For a 1.00% total portfolio risk, you can invest 22.10% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
65.54
-0.56 (-0.85%)
ONEMAIN HOLDINGS INC / OMF FAQ
What is the technical rating for OMF stock?
ChartMill assigns a technical rating of 6 / 10 to OMF.
What is the current trend direction of ONEMAIN HOLDINGS INC (OMF) stock?
The current trend direction for ONEMAIN HOLDINGS INC (OMF) is Bullish.
Can you provide the RSI signal for ONEMAIN HOLDINGS INC?
ONEMAIN HOLDINGS INC (OMF) has an RSI value of 47.4204. This indicates that the stock is currently neutral.
What is the MACD signal for ONEMAIN HOLDINGS INC (OMF) stock?
The MACD indicator for ONEMAIN HOLDINGS INC (OMF) has a value of -0.203324, indicating a bearish trend.
Can you provide the support and resistance levels for ONEMAIN HOLDINGS INC?
ONEMAIN HOLDINGS INC (OMF) has a support level at 65.02 and a resistance level at 70.88. Check the full technical report for our detailed analysis of OMF support and resistance levels.