OOMA INC (OOMA) Stock Technical Analysis
USA - NYSE:OOMA - US6834161019 - Common Stock
Taking everything into account, OOMA scores 2 out of 10 in our technical rating. OOMA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
OOMA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 11.07, a Stop Loss order could be placed below this zone.
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10.79
When analyzing the support we notice one important area.
- A support zone ranging from 10.90 to 11.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @12.33 from a trend line in the weekly time frame.
- Resistance @12.61 from a trend line in the daily time frame.
- Resistance @12.93 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 13.23 to 13.26. 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 | 31.84 | NEUTRAL | OOMA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OOMA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OOMA is below a declining 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) | 49.72 | NEUTRAL | The RSI value for OOMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests OOMA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.72 | NEUTRAL | The Stochastics value for OOMA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for OOMA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.34 | NEGATIVE | The low ADX value for OOMA suggests a weak or negative trend. |
11.6
-0.23 (-1.94%)
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 current trend direction of OOMA INC (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 49.7189. This indicates that the stock is currently neutral.
What are the support and resistance levels for OOMA INC (OOMA) stock?
OOMA INC (OOMA) has a support level at 11.07 and a resistance level at 12.33. Check the full technical report for our detailed analysis of OOMA support and resistance levels.