ONESPAN INC (OSPN) Stock Technical Analysis
NASDAQ:OSPN - Nasdaq - US68287N1000 - Common Stock - Currency: USD
Taking everything into account, OSPN scores 5 out of 10 in our technical rating. In the past year, OSPN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
OSPN 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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that OSPN is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
OSPN is an average performer in the Software industry, it outperforms 68% of 283 stocks in the same industry.
OSPN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OSPN is lagging the market slightly.
Although the technical rating is only medium, OSPN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 15.69, a Stop Loss order could be placed below this zone.
More info and screens
13.67
16.89
3 important support areas can be observed.
- A support zone ranging from 15.69 to 15.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @14.39 from a trend line in the weekly time frame.
- Support @13.81 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.13 to 16.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.72 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 OSPN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OSPN is neutral. |
| ChartMill Relative Strength | 77.39 | POSITIVE | OSPN has a high relative strength, it outperformed 77.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OSPN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OSPN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OSPN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.43 | NEUTRAL | The RSI value for OSPN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests OSPN has a negative trend. |
| Stochastics (14,3) | 53.78 | NEUTRAL | The Stochastics value for OSPN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for OSPN suggests some volalility. |
| Average Directional Index/ADX (14) | 22.73 | NEUTRAL | The ADX value for OSPN suggests a possible start of a new 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)
15.805
+0.08 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.51%
1 Week-2.68%
2 Weeks0.16%
1 Month2.36%
3 Month-8%
6 Month-11.61%
12 Month21.58%
2 Year4.39%
3 Year19.46%
5 Year-22.22%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%3.6%
ATR Inc-18.48%
Range Today0.65
ADR(20)0.54
ADR(20)%3.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.39
Mansfield-0.24
10 Day High16.73
10 Day Low15.4
20 Day High16.73
20 Day Low14.55
52 Week High20.36
52 Week Low12.28
CS1 End15.69
CR1 Start16.13
Volume & EV
DER(3)-1.66%
DER(5)-1.78%
Volume454.80K
Volume Incr-34.82%
Vol(5)291.88K
Vol(50)385.56K