ONEMEDNET CORP (ONMD) Technical Analysis
NASDAQ:ONMD • US68270C1036
Current stock price
ONMD Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to ONMD. ONMD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- 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.
- 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.
- ONMD is part of the Health Care Technology industry. There are 35 other stocks in this industry. ONMD outperforms 85% of them.
- ONMD has an average volume of 4894550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, ONMD turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
- Considerably lower volume is observed in the last couple of days.
ONMD Weekly and Daily overview Charts
ONMD Setup Rating and Analysis
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. There is a support zone below the current price at 0.75, a Stop Loss order could be placed below this zone.
More info and screens
ONMD Support and Resistance Analysis
0.62
We found 3 important support areas.
- A support zone ranging from 0.74 to 0.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.68 to 0.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.63 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.78 to 0.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.87 to 0.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
ONMD Technical Indicator Signal Analysis
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 | 42.57 | NEUTRAL | ONMD is not amongst the best or worst performers 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) | 49.03 | 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) | 46.4 | NEUTRAL | The Stochastics value for ONMD is a neutral value. |
| Average True Range in percent/ATR (20) | 15.91 | 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. |
ONMD Chart- and CandleStick Pattern Analysis
ONMD Technicals: Chart, Performance Metrics, Trend & Indicators
0.7564
-0.04 (-4.89%)
ONEMEDNET CORP / ONMD TA FAQ
What is the ChartMill technical rating of ONEMEDNET CORP (ONMD) stock?
ChartMill assigns a technical rating of 2 / 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 49.0272. 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 0.75 and a resistance level at 0.78. Check the full technical report for our detailed analysis of ONMD support and resistance levels.