OUST Technical Analysis - OUSTER INC

Technical Rating and Analysis

Overall OUST gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OUST is showing a nice and steady performance.

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

When comparing the yearly performance of all stocks, we notice that OUST is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by OUST over the past year are nicely spread over this period.

OUST is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 95% of 125 stocks in the same industry.

OUST is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month OUST has a been trading in the 26.53 - 35.80 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

OUST has an average volume of 2902160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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

Although OUST has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

21.19

35.41

We found 3 important support areas.

Support @28.98 from a trend line in the weekly time frame.
Support @22.92 from a trend line in the daily time frame.
Support @21.40 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 34.73 to 35.06. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 OUST is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for OUST is up.
ChartMill Relative Strength	98.84	POSITIVE	OUST has a high relative strength, it outperformed 98.84% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of OUST is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of OUST is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of OUST is above the rising SMA(200).
Relative Strength Index/RSI (14)	66.83	NEUTRAL	The RSI value for OUST is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.47	POSITIVE	The MACD value suggests OUST has a positive trend.
Stochastics (14,3)	84.26	OVERBOUGHT	The high Stochastics value suggests OUST may be overbought.
Average True Range in percent/ATR (20)	6.48	HIGH VOLATILITY	The high ATR as a percentage value for OUST suggests high volalility.
Average Directional Index/ADX (14)	23.7	NEUTRAL	The ADX value for OUST suggests a possible start of a new trend.