OAK VALLEY BANCORP (OVLY) Technical Analysis
NASDAQ:OVLY • US6718071052
Current stock price
OVLY Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to OVLY. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month OVLY has a been trading in the 31.12 - 34.14 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: OVLY has an average volume of 17511 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the yearly performance of all stocks, we notice that OVLY is one of the better performing stocks in the market, outperforming 78% of all stocks. We also observe that the gains produced by OVLY over the past year are nicely spread over this period.
- OVLY is one of the better performing stocks in the Banks industry, it outperforms 83% of 381 stocks in the same industry.
- OVLY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so OVLY is performing more or less in line with the market.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
OVLY Weekly and Daily overview Charts
OVLY Setup Rating and Analysis
Although the technical rating is only medium, OVLY does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 31.11, a Stop Loss order could be placed below this zone.
More info and screens
OVLY Support and Resistance Analysis
24.34
We found 4 important support areas.
- A support zone ranging from 31.11 to 31.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 27.47 to 27.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 25.03 to 25.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.59 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 31.59 to 32.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.62 to 33.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
OVLY 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 OVLY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OVLY is down. |
| ChartMill Relative Strength | 78.46 | POSITIVE | OVLY has a high relative strength, it outperformed 78.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OVLY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OVLY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OVLY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.69 | NEUTRAL | The RSI value for OVLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests OVLY has a negative trend. |
| Stochastics (14,3) | 23.43 | NEUTRAL | The Stochastics value for OVLY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for OVLY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.89 | NEUTRAL | The ADX value for OVLY suggests a possible start of a new trend. |
OVLY Chart- and CandleStick Pattern Analysis
OVLY Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 32.06 | 31.11 | 0.95 (2.96%) | 25.00% |
| An entry @32.06. This is a Buy Stop order right above the 10 day moving average. | An exit @31.11. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.95 points, which is 2.96%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.74%. |
- The distance between exit and entry is rather small compared to the average daily movement of OVLY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OVLY Technicals: Chart, Performance Metrics, Trend & Indicators
31.12
-0.86 (-2.69%)
OAK VALLEY BANCORP / OVLY TA FAQ
What is the technical rating for OVLY stock?
ChartMill assigns a technical rating of 6 / 10 to OVLY.
Can you provide the trend direction for OAK VALLEY BANCORP?
The current trend direction for OAK VALLEY BANCORP (OVLY) is Bullish.
What is the RSI signal for OAK VALLEY BANCORP (OVLY) stock?
OAK VALLEY BANCORP (OVLY) has an RSI value of 36.6893. This indicates that the stock is currently neutral.
What is the buy/sell signal for OVLY stock?
The buy/sell signal for OAK VALLEY BANCORP (OVLY) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for OAK VALLEY BANCORP?
OAK VALLEY BANCORP (OVLY) has a support level at 31.11 and a resistance level at 31.59. Check the full technical report for our detailed analysis of OVLY support and resistance levels.