ORTHOFIX MEDICAL INC (OFIX) Stock Technical Analysis
NASDAQ:OFIX - Nasdaq - US68752M1080 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to OFIX. In the last year, OFIX was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month OFIX has a been trading in the 17.72 - 19.20 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that OFIX is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by OFIX over the past year are nicely spread over this period.
OFIX is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 71% of 189 stocks in the same industry.
OFIX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OFIX is lagging the market.
OFIX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 17.94, a Stop Loss order could be placed below this zone.
More info and screens
14.99
20.22
We found 3 important support areas.
- A support zone ranging from 17.91 to 17.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.00 to 17.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.14 from a trend line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 18.00 to 18.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @18.85 from a trend line in the daily time frame.
- Resistance @19.21 from a trend line in the weekly time frame.
- A resistance zone ranging from 19.53 to 19.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.02 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.58
Mansfield0.56
10 Day High18.65
10 Day Low17.72
20 Day High19.2
20 Day Low17.72
52 Week High20.73
52 Week Low12.08
Performance
1 Week-2.02%
2 Weeks-2.82%
1 Month-1.81%
3 Month-5.08%
6 Month3.82%
12 Month31.5%
2 Year-12.86%
3 Year-47.17%
5 Year-49.21%
10 Year-44.65%
15 Year-47.35%
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)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)44.48
LBB17.78
UBB18.96
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 |
|---|---|---|---|
| 18.42 | 17.90 | 0.52 (2.82%) | 25.00% |
| An entry @18.42. This is a Buy Stop order right above the resistance zone. | An exit @17.90. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.52 points, which is 2.82%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%. |
- The distance between exit and entry is rather small compared to the average daily movement of OFIX. 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.
17.95
-0.15 (-0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.83%
1 Week-2.02%
2 Weeks-2.82%
1 Month-1.81%
3 Month-5.08%
6 Month3.82%
12 Month31.5%
2 Year-12.86%
3 Year-47.17%
5 Year-49.21%
10 Year-44.65%
15 Year-47.35%
Volatility
ATR(14)0.47
ATR(20)%2.81%
ATR Inc-4.48%
Range Today0.49
ADR(20)0.49
ADR(20)%2.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.58
Mansfield0.56
10 Day High18.65
10 Day Low17.72
20 Day High19.2
20 Day Low17.72
52 Week High20.73
52 Week Low12.08
CS1 End17.94
CR1 Start18
Volume & EV
DER(3)1.56%
DER(5)2.2%
Volume140.20K
Volume Incr-4.47%
Vol(5)118.48K
Vol(50)173.43K