OOMA INC (OOMA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OOMA - US6834161019 - Common Stock
We assign a technical rating of 4 out of 10 to OOMA. In the past year, OOMA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 74% of all other stocks performed better in the past year than OOMA.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- OOMA is part of the Software industry. There are 277 other stocks in this industry. OOMA outperforms 71% of them.
- In the last month OOMA has a been trading in the 11.11 - 12.41 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- 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.
Although the technical rating is only medium, OOMA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.71, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
10.46
5 important support areas can be observed.
- A support zone ranging from 11.49 to 11.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.27 from a trend line in the weekly time frame.
- Support @11.05 from a horizontal line in the weekly time frame.
- Support @10.87 from a horizontal line in the weekly time frame.
- Support @10.57 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @11.89 from a horizontal line in the weekly time frame.
- Resistance @12.12 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.36 to 12.46. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for OOMA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OOMA is up. |
| ChartMill Relative Strength | 26.98 | NEGATIVE | OOMA has a low relative strength, it was outperformed by 73.02% off all stocks 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) | 54.36 | NEUTRAL | The RSI value for OOMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests OOMA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.08 | NEUTRAL | The Stochastics value for OOMA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for OOMA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.57 | NEGATIVE | The low ADX value for OOMA suggests a weak or negative trend. |
11.86
-0.07 (-0.59%)
OOMA INC / OOMA FAQ
What is the technical rating for OOMA stock?
ChartMill assigns a technical rating of 4 / 10 to OOMA.
What is the trend direction for 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 54.3562. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OOMA INC?
The MACD indicator for OOMA INC (OOMA) has a value of 0.044121, indicating a bearish trend.