OOMA INC (OOMA) Stock Technical Analysis
NYSE:OOMA - New York Stock Exchange, Inc. - US6834161019 - Common Stock - Currency: USD
Taking everything into account, OOMA scores 1 out of 10 in our technical rating. OOMA 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.
In the last month OOMA has a been trading in the 11.90 - 13.37 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.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, OOMA outperforms 57% of them, which is more or less in line with the market.
OOMA is an average performer in the Software industry, it outperforms 52% of 282 stocks in the same industry.
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.
The technical rating of OOMA is bad and it also does not present a 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
11.53
14.06
2 important support areas can be observed.
- A support zone ranging from 11.92 to 11.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @11.96 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.61 to 12.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.96 to 13.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.92 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for OOMA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OOMA is down. |
| ChartMill Relative Strength | 57.71 | NEUTRAL | OOMA is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of OOMA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OOMA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36 | NEUTRAL | The RSI value for OOMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests OOMA has a negative trend. |
| Stochastics (14,3) | 10.2 | OVERSOLD | The low Stochastics value suggests OOMA may be oversold. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for OOMA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.9 | NEGATIVE | The low ADX value for OOMA suggests a weak or negative 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)
11.94
-0.19 (-1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.57%
1 Week-8.99%
2 Weeks-7.44%
1 Month-2.21%
3 Month-3.24%
6 Month-15.74%
12 Month20.73%
2 Year-20.4%
3 Year0.08%
5 Year-21.14%
10 Year16.49%
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%2.91%
ATR Inc-23.01%
Range Today0.3
ADR(20)0.34
ADR(20)%2.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.71
Mansfield-1.21
10 Day High13.37
10 Day Low11.9
20 Day High13.37
20 Day Low11.9
52 Week High17
52 Week Low7.83
CS1 End11.92
CR1 Start11.96
Volume & EV
DER(3)-0.05%
DER(5)-0.03%
Volume236.00K
Volume Incr-14.94%
Vol(5)164.56K
Vol(50)156.60K