ONEMEDNET CORP (ONMD) Stock Technical Analysis
NASDAQ:ONMD - Nasdaq - US68270C1036 - Common Stock - Currency: USD
Overall ONMD gets a technical rating of 2 out of 10. ONMD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
90% 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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ONMD has a been trading in the 0.45 - 0.63 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.
ONMD has an average volume of 10274000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ONMD is part of the Health Care Technology industry. There are 35 other stocks in this industry, ONMD did better than 41% of them.
Considerably lower volume is observed in the last couple of days.
ONMD has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.46
0.58
When analyzing the support we notice one important area.
- Support @0.46 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.52 to 0.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.54 to 0.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.57 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 | DOWN | NEGATIVE | The short term trend for ONMD is down. |
| ChartMill Relative Strength | 10.06 | NEGATIVE | ONMD has a low relative strength, it was outperformed by 89.94% 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) | 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) | 45.01 | NEUTRAL | The RSI value for ONMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ONMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.74 | OVERSOLD | The low Stochastics value suggests ONMD may be oversold. |
| Average True Range in percent/ATR (20) | 11.51 | HIGH VOLATILITY | The high ATR as a percentage value for ONMD suggests high volalility. |
| Average Directional Index/ADX (14) | 28.24 | 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)
0.4786
+0.02 (+3.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg3.82%
1 Week-10.71%
2 Weeks-11.86%
1 Month-24.03%
3 Month16.05%
6 Month-53.53%
12 Month-61.4%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%11.51%
ATR Inc-9.03%
Range Today0.04
ADR(20)0.05
ADR(20)%10.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.06
Mansfield-4.2
10 Day High0.58
10 Day Low0.45
20 Day High0.63
20 Day Low0.45
52 Week High1.56
52 Week Low0.3
CS1 End0.46
CR1 Start0.52
Volume & EV
DER(3)-1.49%
DER(5)-8.91%
Volume66.61K
Volume Incr-47.26%
Vol(5)190.91K
Vol(50)10.27M