We assign a technical rating of 4 out of 10 to OUST. Although OUST 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.
OUST has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
19.52
When analyzing the support we can see 2 important areas.
- Support @21.60 from a trend line in the weekly time frame.
- A support zone ranging from 19.72 to 19.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.39 to 24.78. 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 OUST is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OUST is down. |
| ChartMill Relative Strength | 86.4 | POSITIVE | OUST has a high relative strength, it outperformed 86.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OUST is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OUST is below a declining 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) | 44.18 | NEUTRAL | The RSI value for OUST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests OUST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.54 | OVERSOLD | The low Stochastics value suggests OUST may be oversold. |
| Average True Range in percent/ATR (20) | 7.45 | HIGH VOLATILITY | The high ATR as a percentage value for OUST suggests high volalility. |
| Average Directional Index/ADX (14) | 13.57 | NEGATIVE | The low ADX value for OUST suggests a weak or negative trend. |
22.23
+0.83 (+3.88%)
OUSTER INC / OUST FAQ
What is the ChartMill technical rating of OUSTER INC (OUST) stock?
ChartMill assigns a technical rating of 4 / 10 to OUST.
Can you provide the trend direction for OUSTER INC?
The current trend direction for OUSTER INC (OUST) is Bearish.
Can you provide the RSI signal for OUSTER INC?
OUSTER INC (OUST) has an RSI value of 44.1822. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for OUSTER INC?
OUSTER INC (OUST) has a support level at 21.6 and a resistance level at 24.39. Check the full technical report for our detailed analysis of OUST support and resistance levels.