OWLT Technical Analysis - OWLET INC

Technical Rating and Analysis

Overall OWLT gets a technical rating of 8 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, OWLT 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 OWLT is one of the better performing stocks in the market, outperforming 90% of all stocks.

OWLT is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry. OWLT outperforms 93% of them.

OWLT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OWLT is lagging the market slightly.

In the last month OWLT has a been trading in the 6.42 - 8.37 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.

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 OWLT has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.85

9.50

3 important support areas can be observed.

A support zone ranging from 7.32 to 7.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @7.16 from a trend line in the daily time frame.
Support @6.92 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

Resistance @8.19 from a horizontal line in the daily time frame.
A resistance zone ranging from 9.31 to 9.41. 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 OWLT is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for OWLT is up.
ChartMill Relative Strength	90.92	POSITIVE	OWLT has a high relative strength, it outperformed 90.92% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of OWLT is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of OWLT is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of OWLT is above the rising SMA(200).
Relative Strength Index/RSI (14)	60.21	NEUTRAL	The RSI value for OWLT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.13	POSITIVE	The MACD value suggests OWLT has a positive trend.
Stochastics (14,3)	82.95	OVERBOUGHT	The high Stochastics value suggests OWLT may be overbought.
Average True Range in percent/ATR (20)	6.86	HIGH VOLATILITY	The high ATR as a percentage value for OWLT suggests high volalility.
Average Directional Index/ADX (14)	13.92	NEGATIVE	The low ADX value for OWLT suggests a weak or negative trend.