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Oppenheimer Rus 1000 Momentum Factor ETF (OMOM) Stock Technical Analysis

USA - NYSEARCA:OMOM -

28.29
-0.03 (-0.1%)
Last: 2/14/2020, 8:04:06 PM
Technical Rating and Analysis

0

Overall OMOM gets a technical rating of 0 out of 10. OMOM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

When comparing the yearly performance of all stocks, OMOM is a bad performer in the overall market: 63% of all stocks are doing better.
OMOM 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.
In the last month OMOM has a been trading in the 28.18 - 32.72 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: OMOM has an average volume of 707 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
Oppenheimer Rus 1000 Momentum Factor ETF / OMOM Weekly stock chart
Oppenheimer Rus 1000 Momentum Factor ETF / OMOM Daily stock chart
Setup Rating and Analysis

3

The technical rating of OMOM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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Support and Resistance Analysis

27.77

31.86

When analyzing the support we notice one important area.

  • A support zone ranging from 28.05 to 28.28. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 30.74 to 31.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for OMOM is neutral.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for OMOM is down.
ChartMill Relative Strength37.29NEUTRALOMOM is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of OMOM is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of OMOM is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of OMOM is below a declining SMA(200).
Relative Strength Index/RSI (14)25.29OVERSOLDThe low RSI value suggests OMOM may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.49NEGATIVEThe MACD value suggests OMOM has a negative trend.
Stochastics (14,3)1.83OVERSOLDThe low Stochastics value suggests OMOM may be oversold.
Average True Range in percent/ATR (20)1.56LOW VOLATILITYThe low ATR as a percentage value for OMOM suggests low volalility.
Chart- and CandleStick Pattern Analysis
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)

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Oppenheimer Rus 1000 Momentum Factor ETF / OMOM Daily stock chart

Oppenheimer Rus 1000 Momentum Factor ETF

NYSEARCA:OMOM (2/14/2020, 8:04:06 PM)

28.29

-0.03 (-0.1%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.1%
1 Week-12.71%
2 Weeks-9.77%
1 Month-11.66%
3 Month-6.05%
6 Month-0.31%
12 Month6.19%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%1.56%
ATR Inc-63.23%
Range Today0.07
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.29
3 months CRSN/A
6 months CRSN/A
Mansfield-1.34
10 Day High32.72
10 Day Low28.18
20 Day High32.72
20 Day Low28.18
52 Week High32.72
52 Week Low26.38
CS1 End28.28
CR1 Start30.74
Volume & EV
DER(3)0%
DER(5)0%
Volume300
Volume Incr25.72%
Vol(5)360
Vol(50)707.4

Oppenheimer Rus 1000 Momentum Factor ETF / OMOM FAQ

Can you provide the ChartMill technical rating for Oppenheimer Rus 1000 Momentum Factor ETF?

ChartMill assigns a technical rating of 0 / 10 to OMOM.


What is the current trend direction of Oppenheimer Rus 1000 Momentum Factor ETF (OMOM) stock?

The current trend direction for Oppenheimer Rus 1000 Momentum Factor ETF (OMOM) is Bearish.


Can you provide the RSI signal for Oppenheimer Rus 1000 Momentum Factor ETF?

Oppenheimer Rus 1000 Momentum Factor ETF (OMOM) has an RSI value of 25.2876. This indicates that the stock is currently oversold.


What is the short term momentum for OMOM stock?

The short term momentum for Oppenheimer Rus 1000 Momentum Factor ETF (OMOM) is negative.


Can you provide the support and resistance levels for Oppenheimer Rus 1000 Momentum Factor ETF?

Oppenheimer Rus 1000 Momentum Factor ETF (OMOM) has a support level at 28.28 and a resistance level at 30.74. Check the full technical report for our detailed analysis of OMOM support and resistance levels.