OWENS & MINOR INC (OMI) Stock Technical Analysis
USA - NYSE:OMI - US6907321029 - Common Stock
Overall OMI gets a technical rating of 0 out of 10. OMI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of OMI 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
3.15
3 important resistance areas can be observed.
- A resistance zone ranging from 5.01 to 5.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.22 from a trend line in the daily time frame.
- Resistance @5.62 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 | DOWN | NEGATIVE | The long term trend for OMI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OMI is down. |
| ChartMill Relative Strength | 1.58 | NEGATIVE | OMI has a low relative strength, it was outperformed by 98.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OMI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OMI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OMI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.78 | OVERSOLD | The low RSI value suggests OMI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests OMI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.07 | OVERSOLD | The low Stochastics value suggests OMI may be oversold. |
| Average True Range in percent/ATR (20) | 10.59 | HIGH VOLATILITY | The high ATR as a percentage value for OMI suggests high volalility. |
| Average Directional Index/ADX (14) | 28.8 | POSITIVE | The high ADX value value for OMI suggests a strong trend. |
3.18
+0.06 (+1.92%)
OWENS & MINOR INC / OMI FAQ
Can you provide the ChartMill technical rating for OWENS & MINOR INC?
ChartMill assigns a technical rating of 0 / 10 to OMI.
What is the trend direction for OMI stock?
The current trend direction for OWENS & MINOR INC (OMI) is Bearish.
What is the RSI signal for OMI stock?
OWENS & MINOR INC (OMI) has an RSI value of 25.7845. This indicates that the stock is currently oversold.
Can you provide the short term momentum for OWENS & MINOR INC?
The short term momentum for OWENS & MINOR INC (OMI) is negative.
What are the support and resistance levels for OWENS & MINOR INC (OMI) stock?
OWENS & MINOR INC (OMI) has a resistance level at 5.01. Check the full technical report for our detailed analysis of OMI support and resistance levels.