OOMA INC (OOMA) Stock Technical Analysis
NYSE:OOMA • US6834161019
We assign a technical rating of 2 out of 10 to OOMA. OOMA'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.
- When comparing the yearly performance of all stocks, OOMA is a bad performer in the overall market: 79% of all stocks are doing better.
- OOMA is part of the Software industry. There are 276 other stocks in this industry. OOMA outperforms 76% of them.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- OOMA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OOMA is lagging the market.
- In the last month OOMA has a been trading in the 11.02 - 12.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, OOMA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.63, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OOMA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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10.46
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.29 to 11.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.05 from a horizontal line in the weekly time frame.
- Support @10.87 from a horizontal line in the weekly time frame.
- Support @10.57 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 11.66 to 11.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.09 to 12.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 12.45 to 12.46. 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 OOMA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OOMA is neutral. |
| ChartMill Relative Strength | 21.39 | NEGATIVE | OOMA has a low relative strength, it was outperformed by 78.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OOMA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OOMA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OOMA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.98 | NEUTRAL | The RSI value for OOMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests OOMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.08 | NEUTRAL | The Stochastics value for OOMA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for OOMA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.41 | NEGATIVE | The low ADX value for OOMA suggests a weak or negative trend. |
11.64
+0.27 (+2.37%)
OOMA INC / OOMA FAQ
What is the technical rating for OOMA stock?
ChartMill assigns a technical rating of 2 / 10 to OOMA.
What is the trend direction for OOMA stock?
The current trend direction for OOMA INC (OOMA) is Bearish.
What is the RSI signal for OOMA INC (OOMA) stock?
OOMA INC (OOMA) has an RSI value of 48.9802. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OOMA INC?
The MACD indicator for OOMA INC (OOMA) has a value of -0.048876, indicating a bearish trend.