ONESPAN INC (OSPN) Stock Technical Analysis
NASDAQ:OSPN • US68287N1000
Overall OSPN gets a technical rating of 0 out of 10. OSPN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, OSPN is a bad performer in the overall market: 85% of all stocks are doing better.
- OSPN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- OSPN is part of the Software industry. There are 276 other stocks in this industry, OSPN did better than 63% of them.
- In the last month OSPN has a been trading in the 10.17 - 12.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OSPN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.38, a Stop Loss order could be placed below this zone.
More info and screens
10.57
2 important support areas can be observed.
- A support zone ranging from 11.23 to 11.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.68 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 11.39 to 11.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.82 from a trend line in the weekly time frame.
- Resistance @12.90 from a horizontal line in the daily time frame.
- Resistance @13.24 from a horizontal line in the daily time frame.
- Resistance @13.74 from a trend line in the weekly time frame.
- Resistance @14.06 from a trend 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 OSPN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OSPN is neutral. |
| ChartMill Relative Strength | 15.48 | NEGATIVE | OSPN has a low relative strength, it was outperformed by 84.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OSPN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OSPN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OSPN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.19 | NEUTRAL | The RSI value for OSPN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests OSPN has a positive trend. |
| Stochastics (14,3) | 56.35 | NEUTRAL | The Stochastics value for OSPN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for OSPN suggests some volalility. |
| Average Directional Index/ADX (14) | 25.45 | POSITIVE | The high ADX value value for OSPN suggests a strong trend. |
11.38
0 (0%)
ONESPAN INC / OSPN FAQ
What is the technical rating for OSPN stock?
ChartMill assigns a technical rating of 0 / 10 to OSPN.
What is the current trend direction of ONESPAN INC (OSPN) stock?
The current trend direction for ONESPAN INC (OSPN) is Bearish.
What is the RSI signal for ONESPAN INC (OSPN) stock?
ONESPAN INC (OSPN) has an RSI value of 46.1883. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ONESPAN INC?
The short term momentum for ONESPAN INC (OSPN) is neutral.
Can you provide the support and resistance levels for ONESPAN INC?
ONESPAN INC (OSPN) has a support level at 11.38 and a resistance level at 11.39. Check the full technical report for our detailed analysis of OSPN support and resistance levels.