Oasis Midstream Partners LP (OMP) Stock Technical Analysis
NASDAQ:OMP
Overall OMP gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- OMP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 89% of 206 stocks in the same industry.
- When comparing the yearly performance of all stocks, we notice that OMP is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- OMP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OMP is lagging the market.
- In the last month OMP has a been trading in the 22.68 - 26.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
OMP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for OMP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
20.22
When analyzing the support we can see 4 important areas.
- Support @22.94 from a trend line in the weekly time frame.
- Support @21.85 from a trend line in the weekly time frame.
- A support zone ranging from 20.93 to 21.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 24.52 to 24.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.43 to 25.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 26.14 to 26.22. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for OMP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OMP is neutral. |
| ChartMill Relative Strength | 92.39 | POSITIVE | OMP has a high relative strength, it outperformed 92.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OMP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OMP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OMP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.17 | NEUTRAL | The RSI value for OMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests OMP has a negative trend. |
| Stochastics (14,3) | 48.24 | NEUTRAL | The Stochastics value for OMP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for OMP suggests some volalility. |
23.86
-0.65 (-2.65%)
Oasis Midstream Partners LP / OMP FAQ
What is the ChartMill technical rating of Oasis Midstream Partners LP (OMP) stock?
ChartMill assigns a technical rating of 5 / 10 to OMP.
What is the current trend direction of Oasis Midstream Partners LP (OMP) stock?
The current trend direction for Oasis Midstream Partners LP (OMP) is Bullish.
What is the RSI signal for Oasis Midstream Partners LP (OMP) stock?
Oasis Midstream Partners LP (OMP) has an RSI value of 45.1655. This indicates that the stock is currently neutral.
What is the short term momentum for Oasis Midstream Partners LP (OMP) stock?
The short term momentum for Oasis Midstream Partners LP (OMP) is neutral.
Can you provide the support and resistance levels for Oasis Midstream Partners LP?
Oasis Midstream Partners LP (OMP) has a support level at 22.94 and a resistance level at 24.52. Check the full technical report for our detailed analysis of OMP support and resistance levels.