Technical analysis from Omega Flex Inc (OFLX, NASDAQ:OFLX) on the NASDAQ Stock Exchange (NASDAQ). Download the latest price data & trading signals

Omega Flex Inc
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Omega Flex Inc: Daily closing price is $71.47 [Bullish]
Closing Price /
Omega Flex Inc: Daily closing price is $71.47 [Bullish]

OFLX: CLOSE Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Omega Flex Inc continues negative divergence & potential shift in direction
Chaikin Money Flow /
Omega Flex Inc continues negative divergence & potential shift in direction

[BEARISH CROSSOVER]: Omega Flex Inc current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.1. During the quarter, the lowest CMF value was -0.19

Percentage Volume /
Volume is still below the short term EMA for OFLX [Bearish]

[BEARISH]: Omega Flex Inc currently has negative PVO -17.03%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Ease of Movement /
Price was easily moved upward in recent trading on low volume causing an uptrend in price for OFLX

OFLX: EOM Current Signal -> (1) 22 Jun: BULLISH EASY (2) 21 Jun: BULLISH EASY (3) 20 Jun: BULLISH EASY

Three White Soldiers /
Omega Flex Inc: Three White Soldiers

[BULLISH]: Omega Flex Inc has formed a new Three White Soldiers pattern.

Medium Trend /
[Downtrend]: The second timeframe trend has continued for OFLX

[BEARISH]: Omega Flex Inc is in an downtrend in the medium term timeframe. & the highest rally count for the LTM is 24. The highest rally for the month is 15

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Percentage Price /
Omega Flex Inc: Price Percentage Oscillator (0.151)

[BULLISH CROSSOVER]: Omega Flex Inc currently has positive PPO 0.151%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Williams %R /
William %R for OFLX has crossed above the overbought limit triggering a bearish crossover signal

[BULLISH]: Omega Flex Inc is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

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Confirmation of Omega Flex Inc is currently being accumulated via OBV
On Balance Volume /
Confirmation of Omega Flex Inc is currently being accumulated via OBV

[BULLISH]: Omega Flex Inc current price has highlighted recent accumulation. Currently, the OBV is 53954.

Close Tod Vs Close Yest /
Closing price for Omega Flex Inc has seen buyers continue to win the daily battle for performance @ 1.1%

OFLX: Recent Performance ->(1) 22 Jun: 1.1% (2) 21 Jun: 0.9% (3) 20 Jun: 2.1%

Accumulation / Distribution /
Omega Flex Inc: Accumulation Distribution Line (-54878)

[BEARISH]: Omega Flex Inc current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -54878.

Opening Price /
Recent trading for Omega Flex Inc has opened 2.7 % higher than previous session

[BULLISH]: Omega Flex Inc opening price has gapped up. Currently, the OPEN is $71.44 (2.7 %).

OFLX: Price continues to move above the TMA(5) @$69.484
Triangular Moving Average /
OFLX: Price continues to move above the TMA(5) @$69.484

[BULLISH]: Omega Flex Inc currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 1.1%.

Momentum(5) is increasing for Omega Flex Inc
Momentum /
Momentum(5) is increasing for Omega Flex Inc

[BULLISH]: Omega Flex Inc currently has positive momentum of 1.77. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.1%. The largest upward momentum rally for the last 3 months is 9 days producing a return of 6.6%.

Average True Range /
Omega Flex Inc: Average True Range (2.117) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Omega Flex Inc has a TR of 1.27, and an ATR(14) of 2.117.

Rate of Change /
Omega Flex Inc currently has positive rate of change for 2.246

[BULLISH]: Omega Flex Inc currently has positive rate of change of 2.246%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Volume Rate of Change /
Volume rate of change(14) is decreasing for Omega Flex Inc

[BEARISH]: Omega Flex Inc currently has negative rate of change of -18%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.1%.

[Uptrend]: Recent trading for OFLX indicates ST trend is likely to continue
Weighted Moving Average /
[Uptrend]: Recent trading for OFLX indicates ST trend is likely to continue

[BULLISH]: Omega Flex Inc currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 1.1%.

Omega Flex Inc: High Wave Line
High Wave Line /
Omega Flex Inc: High Wave Line

[REVERSAL]: Omega Flex Inc has formed a new High Wave Line reversal pattern.

Omega Flex Inc has failed to achieve a lower volume of 6507 (-49.2)
Volume /
Omega Flex Inc has failed to achieve a lower volume of 6507 (-49.2)

[BEARISH]: Omega Flex Inc current volume downtrend in the first timeframe. Volume for OFLX is 6507 (-49.2).

Stochastic Oscillator /
Stochastic Overbought signal had been maintained for Omega Flex Inc

[BEARISH]: Omega Flex Inc is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon strong downtrend is intact for OFLX

[BEARISH]: Omega Flex Inc has a current ARU(25) of 28 and a current ARD(25) of 88

Short White Candle /
OFLX Basic Candle: Short White

[BULLISH WEAK]: Omega Flex Inc has formed a Short White candlestick. This means, OFLX has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Detrended Price Oscillator /
Price is now above the displaced moving average for OFLX [Bullish]

[BULLISH]: Omega Flex Inc currently has a confirmed uptrend. Price is currently above the displaced moving average for OFLX. Currently, the return on DPO20 is 1.1%.

Simple Moving Average(5) signal continues for Omega Flex Inc indicating upward price movement is likely
Simple Moving Average /
Simple Moving Average(5) signal continues for Omega Flex Inc indicating upward price movement is likely

OFLX: SMA(5) Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH CROSSOVER

The Volume MACD continues to fall below the signal line for OFLX [Bearish]
MACD Volume /
The Volume MACD continues to fall below the signal line for OFLX [Bearish]

[BEARISH]: Omega Flex Inc currently has negative Volume MACD of -1074. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Sine Weighted Moving Average /
Omega Flex Inc is in a short term uptrend with the closing price @$71.47

[BULLISH]: Omega Flex Inc currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 1.1%.

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