OWENS & MINOR INC (OMI) Stock Technical Analysis
NYSE:OMI - New York Stock Exchange, Inc. - US6907321029 - Common Stock - Currency: USD
Taking everything into account, OMI scores 3 out of 10 in our technical rating. In the past year, OMI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, OMI is a bad performer in the overall market: 90% of all stocks are doing better.
OMI is one of the lesser performing stocks in the Health Care Providers & Services industry. 65% of 103 stocks in the same industry do better.
OMI 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.
OMI has an average volume of 1300570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month OMI has a been trading in the 7.03 - 9.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
OMI has a poor technical rating and the quality of the setup is also only medium 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
6.16
13.44
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.65 to 7.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.59 from a trend line in the weekly time frame.
- Support @6.47 from a horizontal line in the daily time frame.
- Support @6.22 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @8.79 from a trend line in the daily time frame.
- Resistance @9.31 from a trend line in the daily time frame.
- Resistance @13.31 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for OMI is neutral. |
| ChartMill Relative Strength | 10.57 | NEGATIVE | OMI has a low relative strength, it was outperformed by 89.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OMI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OMI is above the rising 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) | 44.67 | NEUTRAL | The RSI value for OMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests OMI has a negative trend. |
| Stochastics (14,3) | 13.99 | OVERSOLD | The low Stochastics value suggests OMI may be oversold. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for OMI suggests high volalility. |
| Average Directional Index/ADX (14) | 24.85 | NEUTRAL | The ADX value for OMI 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)
7.75
-0.24 (-3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-3%
1 Week-4.56%
2 Weeks-15.85%
1 Month3.89%
3 Month11.83%
6 Month-46.84%
12 Month-47.71%
2 Year-59.72%
3 Year-78.11%
5 Year-51.8%
10 Year-77.96%
15 Year-71.5%
Volatility
ATR(14)0.46
ATR(20)%6.03%
ATR Inc-37.61%
Range Today0.32
ADR(20)0.46
ADR(20)%5.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.57
Mansfield-3.73
10 Day High9.28
10 Day Low7.62
20 Day High9.55
20 Day Low7.03
52 Week High16.98
52 Week Low6.07
CS1 End7.74
CR1 Start8.79
Volume & EV
DER(3)-5%
DER(5)-3.05%
Volume1.00M
Volume Incr-43.03%
Vol(5)787.34K
Vol(50)1.30M