OOMA INC (OOMA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OOMA - US6834161019 - Common Stock
Overall OOMA gets a technical rating of 0 out of 10. 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.
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.
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10.76
When analyzing the support we notice one important area.
- Support @10.87 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 11.25 to 11.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.13 to 12.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.46 from a trend line in the daily time frame.
- Resistance @13.26 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 | DOWN | NEGATIVE | The long term trend for OOMA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OOMA is down. |
| ChartMill Relative Strength | 20.21 | NEGATIVE | OOMA has a low relative strength, it was outperformed by 79.79% 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) | 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) | 39.42 | NEUTRAL | The RSI value for OOMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests OOMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.45 | OVERSOLD | The low Stochastics value suggests OOMA may be oversold. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for OOMA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.45 | NEUTRAL | The ADX value for OOMA suggests a possible start of a new trend. |
10.88
+0.24 (+2.26%)
OOMA INC / OOMA FAQ
What is the technical rating for OOMA stock?
ChartMill assigns a technical rating of 0 / 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 39.417. This indicates that the stock is currently neutral.
What is the buy/sell signal for OOMA INC (OOMA) stock?
The buy/sell signal for OOMA INC (OOMA) is sell as both the short term and long term trends are negative.
What is the support and resistance level for OOMA stock?
OOMA INC (OOMA) has a support level at 10.87 and a resistance level at 11.25. Check the full technical report for our detailed analysis of OOMA support and resistance levels.