OOMA INC (OOMA) Stock Technical Analysis
NYSE:OOMA - New York Stock Exchange, Inc. - US6834161019 - Common Stock - Currency: USD
Taking everything into account, OOMA scores 5 out of 10 in our technical rating. Although OOMA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Looking at the yearly performance, OOMA did better than 81% of all other stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
OOMA is part of the Software industry. There are 282 other stocks in this industry, OOMA did better than 66% of them.
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 12.18 - 13.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
OOMA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.77. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.53
14.06
We found 4 important support areas.
- A support zone ranging from 12.74 to 12.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.36 to 12.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.87 to 11.96. 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.
We can see 3 important resistance areas.
- Resistance @12.92 from a trend line in the weekly time frame.
- Resistance @13.13 from a trend line in the daily time frame.
- A resistance zone ranging from 13.82 to 13.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 81.33 | POSITIVE | OOMA has a high relative strength, it outperformed 81.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OOMA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OOMA is above the rising 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) | 52.78 | NEUTRAL | The RSI value for OOMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OOMA has a positive trend. |
| Stochastics (14,3) | 35.95 | NEUTRAL | The Stochastics value for OOMA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for OOMA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.73 | 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)
12.9
+0.33 (+2.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.63%
1 Week2.63%
2 Weeks5.65%
1 Month-5.49%
3 Month6.35%
6 Month-9.28%
12 Month44.62%
2 Year-13.83%
3 Year8.95%
5 Year-21.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%2.85%
ATR Inc3.11%
Range Today0.4
ADR(20)0.36
ADR(20)%2.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.33
Mansfield-0.41
10 Day High13
10 Day Low12.18
20 Day High13.69
20 Day Low12.18
52 Week High17
52 Week Low7.83
CS1 End12.42
CR1 Start12.77
Volume & EV
DER(3)-0.34%
DER(5)-0.3%
Volume295.20K
Volume Incr109.77%
Vol(5)317.28K
Vol(50)145.24K