ONEMEDNET CORP (ONMD) Stock Technical Analysis
NASDAQ:ONMD - Nasdaq - US68270C1036 - Common Stock - Currency: USD
Overall ONMD gets a technical rating of 0 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
99% of all other stocks performed better in the past year than ONMD.
ONMD is part of the Health Care Technology industry. There are 36 other stocks in this industry, of which 80% are performing better than ONMD.
ONMD is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index 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 0.35 - 0.47 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, ONMD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.38
0.43
When analyzing the resistance we notice one important area.
- Resistance @0.43 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 ONMD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ONMD is down. |
| ChartMill Relative Strength | 1.98 | NEGATIVE | ONMD has a low relative strength, it was outperformed by 98.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ONMD is below a declining 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) | DOWN | NEGATIVE | The current price of ONMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.4 | NEUTRAL | The RSI value for ONMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ONMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23 | NEUTRAL | The Stochastics value for ONMD is a neutral value. |
| Average True Range in percent/ATR (20) | 12.04 | HIGH VOLATILITY | The high ATR as a percentage value for ONMD suggests high volalility. |
| Average Directional Index/ADX (14) | 26.55 | POSITIVE | The high ADX value value for ONMD suggests a strong 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)
0.387
+0.03 (+7.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg7.5%
1 Week-3.25%
2 Weeks-5.17%
1 Month-12.05%
3 Month-48.43%
6 Month-58.54%
12 Month-77.89%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%12.04%
ATR Inc-29.56%
Range Today0.03
ADR(20)0.05
ADR(20)%11.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.98
Mansfield-5.64
10 Day High0.45
10 Day Low0.35
20 Day High0.47
20 Day Low0.35
52 Week High1.75
52 Week Low0.3
CS1 EndN/A
CR1 Start0.43
Volume & EV
DER(3)-2.13%
DER(5)-5.79%
Volume33.80K
Volume Incr9.53%
Vol(5)142.92K
Vol(50)95.50K