OLEMA PHARMACEUTICALS INC (OLMA)
US68062P1066 - Common Stock
We assign a technical rating of 5 out of 10 to OLMA. Although OLMA 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.
OLMA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month OLMA has a been trading in the 10.27 - 15.36 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
OLMA is part of the Biotechnology industry. There are 576 other stocks in this industry. OLMA outperforms 79% of them.
OLMA has an average volume of 1049120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, OLMA did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
OLMA 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
9.55
16.00
When analyzing the support we notice one important area.
- Support @9.65 from a trend line in the weekly time frame.
We can see 6 important resistance areas.
- A resistance zone ranging from 10.81 to 10.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.15 to 11.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.55 from a trend line in the weekly time frame.
- Resistance @13.38 from a trend line in the daily time frame.
- Resistance @14.09 from a trend line in the weekly time frame.
- Resistance @15.84 from a trend 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
CRS83.67
Mansfield-1.8
10 Day High12.39
10 Day Low10.55
20 Day High15.36
20 Day Low10.27
52 Week High17.79
52 Week Low7.78
Performance
1 Week-6.23%
2 Weeks-9.87%
1 Month15.08%
3 Month4.11%
6 Month-1.28%
12 Month27.02%
2 Year121.91%
3 Year-52.56%
5 YearN/A
10 YearN/A
15 YearN/A
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)-0.23
RSI(14)46.75
LBB10.38
UBB13.34
OLEMA PHARMACEUTICALS INC
NASDAQ:OLMA (7/2/2024, 12:16:00 PM)
10.28
-0.86 (-7.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-7.72%
1 Week-6.23%
2 Weeks-9.87%
1 Month15.08%
3 Month4.11%
6 Month-1.28%
12 Month27.02%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.74
ATR(20)%9.74%
ATR Inc
Range Today1.06
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High12.39
10 Day Low10.55
20 Day High15.36
20 Day Low10.27
52 Week High17.79
52 Week Low7.78
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume276.02K
Volume Incr-35.67%
Vol(5)941.36K
Vol(50)1.05M