INVESCO RUSSELL 1000 DYN M/F (OMFL) Stock Technical Analysis
NYSEARCA:OMFL - NYSE Arca - US46138J6192 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to OMFL. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, OMFL is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
A new 52 week high is currently being made by OMFL, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
When comparing the performance of all stocks over the past year, OMFL turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
In the last month OMFL has a been trading in a tight range between 56.54 and 58.21.
Although OMFL 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
49.18
58.81
3 important support areas can be observed.
- A support zone ranging from 55.24 to 57.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @54.08 from a horizontal line in the daily time frame.
- A support zone ranging from 49.68 to 50.34. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 58.22 to 58.23. 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 OMFL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OMFL is up. |
| ChartMill Relative Strength | 67.57 | NEUTRAL | OMFL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OMFL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OMFL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OMFL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.23 | NEUTRAL | The RSI value for OMFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OMFL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 81.14 | OVERBOUGHT | The high Stochastics value suggests OMFL may be overbought. |
| Average True Range in percent/ATR (20) | 0.65 | LOW VOLATILITY | The low ATR as a percentage value for OMFL suggests low volalility. |
| Average Directional Index/ADX (14) | 21.43 | NEUTRAL | The ADX value for OMFL suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 58.24 | 57.12 | 1.12 (1.92%) | 25.00% |
| An entry @58.24. This is a Buy Stop order right above the resistance zone. | An exit @57.12. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.12 points, which is 1.92%. | For a 0.48% total portfolio risk, you can invest 25.00% 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.
58.21
+0.35 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.6%
1 Week1.11%
2 Weeks0.57%
1 Month2.52%
3 Month9.87%
6 Month3.48%
12 Month16.79%
2 Year15.04%
3 Year33.48%
5 Year91.23%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%0.65%
ATR Inc-22.18%
Range Today0.31
ADR(20)0.33
ADR(20)%0.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.57
Mansfield-0.19
10 Day High58.21
10 Day Low57.13
20 Day High58.21
20 Day Low56.54
52 Week High58.21
52 Week Low46.79
CS1 End57.76
CR1 Start58.22
Volume & EV
DER(3)-1.49%
DER(5)-1.79%
Volume209.20K
Volume Incr-20.5%
Vol(5)171.46K
Vol(50)226.91K