ONEMEDNET CORP (ONMD) Stock Technical Analysis
NASDAQ:ONMD - Nasdaq - US68270C1036 - Common Stock - Currency: USD
Taking everything into account, ONMD scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ONMD was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ONMD is a bad performer in the overall market: 88% of all stocks are doing better.
ONMD is part of the Health Care Technology industry. There are 36 other stocks in this industry, of which 62% are performing better than ONMD.
ONMD 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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ONMD has an average volume of 10248900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ONMD has a been trading in the 0.31 - 0.91 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.
ONMD has an average technical rating and it also does not offer a high quality setup 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
0.55
0.65
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.63 to 0.64. 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 | NEUTRAL | NEUTRAL | The long term trend for ONMD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONMD is up. |
| ChartMill Relative Strength | 12.89 | NEGATIVE | ONMD has a low relative strength, it was outperformed by 87.11% 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) | UP | POSITIVE | The current price of ONMD is above the rising 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) | 56.14 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 45.72 | NEUTRAL | The Stochastics value for ONMD is a neutral value. |
| Average True Range in percent/ATR (20) | 16.74 | HIGH VOLATILITY | The high ATR as a percentage value for ONMD suggests high volalility. |
| Average Directional Index/ADX (14) | 42.46 | 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)
0.551
-0.08 (-12.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-12.54%
1 Week5.52%
2 Weeks53.48%
1 Month48.96%
3 Month13.7%
6 Month-61.2%
12 Month-37.95%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%16.74%
ATR Inc3.22%
Range Today0.08
ADR(20)0.08
ADR(20)%13.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.89
Mansfield-3.66
10 Day High0.91
10 Day Low0.34
20 Day High0.91
20 Day Low0.31
52 Week High1.6
52 Week Low0.3
CS1 EndN/A
CR1 Start0.63
Volume & EV
DER(3)5.92%
DER(5)2.63%
Volume200.00K
Volume Incr-97.06%
Vol(5)744.26K
Vol(50)10.25M