OOMA Technical Analysis - OOMA INC

Technical Rating and Analysis

Overall OOMA gets a technical rating of 7 out of 10. Although OOMA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.

OOMA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

When compared to the yearly performance of all other stocks, OOMA outperforms 67% of them, which is more or less in line with the market.

OOMA is an average performer in the Software industry, it outperforms 58% of 280 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

OOMA has an excellent technical rating, but the quality of the setup is only medium 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

11.38

14.06

When analyzing the support we can see 2 important areas.

A support zone ranging from 12.41 to 13.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @11.49 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

Resistance @13.26 from a horizontal line in the daily time frame.
A resistance zone ranging from 13.83 to 13.92. This zone is formed by a combination of multiple trend lines in the daily time frame.

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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	UP	POSITIVE	The long term trend for OOMA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for OOMA is up.
ChartMill Relative Strength	67.08	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	MIXED	The current price of OOMA is above 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)	60.16	NEUTRAL	The RSI value for OOMA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests OOMA has a positive trend.
Stochastics (14,3)	48.79	NEUTRAL	The Stochastics value for OOMA is a neutral value.
Average True Range in percent/ATR (20)	3.09	MEDIUM VOLATILITY	The ATR as a percentage value for OOMA suggests some volalility.
Average Directional Index/ADX (14)	19.55	NEGATIVE	The low ADX value for OOMA suggests a weak or negative trend.