ONEMEDNET CORP (ONMD) Technical Analysis
NASDAQ:ONMD • US68270C1036
Overall ONMD gets a technical rating of 1 out of 10. ONMD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 82% of all other stocks performed better in the past year than ONMD.
- ONMD is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ONMD is lagging the market.
- In the last month ONMD has a been trading in the 0.60 - 1.40 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- ONMD is part of the Health Care Technology industry. There are 35 other stocks in this industry. ONMD outperforms 76% of them.
- ONMD has an average volume of 4906870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, ONMD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.68, a Stop Loss order could be placed below this zone.
More info and screens
0.61
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.66 to 0.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.62 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @0.82 from a trend line in the daily time frame.
- Resistance @0.87 from a trend 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 ONMD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ONMD is neutral. |
| ChartMill Relative Strength | 18.1 | NEGATIVE | ONMD has a low relative strength, it was outperformed by 81.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ONMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ONMD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ONMD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.91 | NEUTRAL | The RSI value for ONMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ONMD has a positive trend. |
| Stochastics (14,3) | 19.19 | OVERSOLD | The low Stochastics value suggests ONMD may be oversold. |
| Average True Range in percent/ATR (20) | 15.68 | HIGH VOLATILITY | The high ATR as a percentage value for ONMD suggests high volalility. |
| Average Directional Index/ADX (14) | 26.99 | POSITIVE | The high ADX value value for ONMD suggests a strong trend. |
ONMD Technicals: Chart, Performance Metrics, Trend & Indicators
0.7842
+0.02 (+3.01%)
ONEMEDNET CORP / ONMD FAQ
What is the ChartMill technical rating of ONEMEDNET CORP (ONMD) stock?
ChartMill assigns a technical rating of 1 / 10 to ONMD.
What is the current trend direction of ONEMEDNET CORP (ONMD) stock?
The current trend direction for ONEMEDNET CORP (ONMD) is Bearish.
What is the RSI signal for ONMD stock?
ONEMEDNET CORP (ONMD) has an RSI value of 51.9088. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ONEMEDNET CORP?
ONEMEDNET CORP (ONMD) has a support level at 0.68 and a resistance level at 0.82. Check the full technical report for our detailed analysis of ONMD support and resistance levels.