Omnova Solutions Inc (OMN) Stock Technical Analysis
NYSE:OMN - New York Stock Exchange, Inc. -
We assign a technical rating of 7 out of 10 to OMN. OMN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
A new 52 week high is currently being made by OMN, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so OMN is leading the market.
In the last month OMN has a been trading in the 7.88 - 10.15 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that OMN is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Volume is considerably higher in the last couple of days.
OMN has an excellent technical rating, but the quality of the setup is only medium 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
8.83
10.26
2 important support areas can be observed.
- A support zone ranging from 9.93 to 10.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.92 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.14 to 10.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.17
Mansfield2.72
10 Day High10.15
10 Day Low7.96
20 Day High10.15
20 Day Low7.88
52 Week High10.15
52 Week Low5.48
Performance
1 Week5.63%
2 Weeks22.91%
1 Month0.2%
3 Month0.2%
6 Month0.5%
12 Month33.42%
2 YearN/A
3 YearN/A
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)0.13
RSI(14)58.96
LBB8.18
UBB10.74
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 |
|---|---|---|---|
| 10.17 | 9.92 | 0.25 (2.46%) | 25.00% |
| An entry @10.17. This is a Buy Stop order right above the resistance zone. | An exit @9.92. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.25 points, which is 2.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.61%. |
- The distance between exit and entry is rather small compared to the average daily movement of OMN. 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.
10.14
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week5.63%
2 Weeks22.91%
1 Month0.2%
3 Month0.2%
6 Month0.5%
12 Month33.42%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%3.26%
ATR Inc-96.15%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.17
Mansfield2.72
10 Day High10.15
10 Day Low7.96
20 Day High10.15
20 Day Low7.88
52 Week High10.15
52 Week Low5.48
CS1 End10.13
CR1 Start10.14
Volume & EV
DER(3)-4.2%
DER(5)-2.35%
Volume2.53M
Volume Incr93.06%
Vol(5)1.51M
Vol(50)597.02K