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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Range for OFLX has not surpassed the range of the previous trading session
Price Range /
Range for OFLX has not surpassed the range of the previous trading session

[BEARISH]: Omega Flex Inc current downtrend in the first timeframe. Currently, the Range is $1.88.

Omega Flex Inc: Bear Harami
Bear Harami /
Omega Flex Inc: Bear Harami

OFLX: Reversal (Weak) Candlestick Current Signal -> (1) 16 Feb: BEARISH (2) 16 Feb: BEARISH (3) 16 Feb: NEUTRAL

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

[BULLISH]: Omega Flex Inc current price have moved upwards on low volume. Currently, the Ease of Movement is 23111.9

Daily Volume Index /
Traders are currently distributing Omega Flex Inc

[BEARISH CROSSOVER]: Omega Flex Inc current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Chaikin Money Flow /
CMF Crossover has a bullish relationship between price & vol

[BEARISH CROSSOVER]: Omega Flex Inc current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.07. During the quarter, the lowest CMF value was -0.54

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Elders Force Index /
Elders Force Index (2735) has signalled bullish conditions in recent trading for OFLX

[BULLISH]: Omega Flex Inc current price has highlighted recent buying pressure. Currently, the Elders Force Index is 2735.

Omega Flex Inc has broken the first resistance point ($62.46) [Bullish]
Pivot Points /
Omega Flex Inc has broken the first resistance point ($62.46) [Bullish]

Omega Flex Inc has broken the first resistance point ($62.46) [Bullish]. Look for a long limit order entry near this point. Exit price for OFLX should be set @$63.37 & Stoploss for Omega Flex Inc should be set between $59.61 & $58.7

Omega Flex Inc: Closing price $61.55 is above the TMA(5) @$57.264
Triangular Moving Average /
Omega Flex Inc: Closing price $61.55 is above the TMA(5) @$57.264

[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%.

Open Tod Vs Close Tod /
OFLX: Over the last 12 months there has been 5 trading days with the opening price in the lower shadow & the closing the price in the middle shadow

[BULLISH WEAK]: Omega Flex Inc opened in the lower part of daily range at 10.6% & closed in the middle part of the trading range at 54.8%. This suggests the buyers have lost commitment. Over the last 12 months there has been 5 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 7.6%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 18.2%.

MACD Volume /
Omega Flex Inc: Volume MACD @244 [Bullish]

[BULLISH]: Omega Flex Inc currently has positive Volume MACD of 244. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Rate of Change /
Omega Flex Inc: Rate of Change (14) Crossover

[BULLISH CROSSOVER]: Omega Flex Inc currently has positive rate of change of 0%. 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

The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 25%
Close Tod Vs Close Yest /
The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 25%

[BULLISH]: Omega Flex Incbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for OFLX adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 7 & the greatest daily positive change this year has been 7. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 25%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 8.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x. Over the last month the average daily upward movement has been 4%

OFLX Basic Candle: Short White
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.

Moving Average Envelope /
Envelope bands Oversold signal is still current for Omega Flex Inc [Bullish]

[BEARISH]: Omega Flex Inc current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 64.6590.

Demarks Pivot Points /
Omega Flex Inc: Look for a long limit order entry @$61.7175

Omega Flex Inc current pivot point (DeMark) is: (R1) $62.915. The current pivot point (DeMark) is: (S1) $61.035.

Range Tod Vs Range Yest /
Omega Flex Inc: Range Performance (-61.6)

OFLX: Range today versus range yesterday Recent Trading -> (1) 16 Feb: -61.6% (2) 16 Feb: 49.5% (3) 16 Feb: -11.5%

Negative VROC: Volume is now lower for Omega Flex Inc than 14 days ago
Volume Rate of Change /
Negative VROC: Volume is now lower for Omega Flex Inc than 14 days ago

[BEARISH CROSSOVER]: Omega Flex Inc currently has negative rate of change of -8%. 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%.

Daily trading has confirmed an Aroon strong downtrend (-80) for Omega Flex Inc
Aroon Oscillator /
Daily trading has confirmed an Aroon strong downtrend (-80) for Omega Flex Inc

[BEARISH]: Omega Flex Inc has a current ARU(25) of 8 and a current ARD(25) of 88

Omega Flex Inc: Momentum(5)
Momentum /
Omega Flex Inc: Momentum(5)

OFLX: MOM Recent Trading -> (1) 16 Feb: 5.14 (2) 16 Feb: 4.16 (3) 16 Feb: 1.94

Low Price /
Omega Flex Inc: Daily low price is $60.52 [Lower Low]

[BEARISH]: Omega Flex Inc current uptrend in the first timeframe. Currently, the Low is $60.52 (4.9 %).

Elder Ray Index /
Omega Flex Inc: Elder Ray Index is 3.111 [Bullish]

[BULLISH]: Omega Flex IncElder Ray Index is signalling a Bullish movementERI is 3.111 indicating bull power. Prices are being driven above the consensus of value for OFLX during the last trading session [Buying Pressure]

Three White Soldiers /
Omega Flex Inc: Three White Soldiers

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

Average True Range /
Daily trading has confirmed an ATR uptrend (2.536) for Omega Flex Inc

OFLX: Average True Range Recent Trading -> (1) 16 Feb: 2.536 (2) 16 Feb: 1.241 (3) 16 Feb: 1.259

Omega Flex Inc: Percentage Volume Oscillator @1 [Bullish]
Percentage Volume /
Omega Flex Inc: Percentage Volume Oscillator @1 [Bullish]

[BULLISH]: Omega Flex Inc currently has positive PVO 1%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 8.1%.

Recent trading signals Omega Flex Inc is now being distributed
Accumulation / Distribution /
Recent trading signals Omega Flex Inc is now being distributed

[BEARISH CROSSOVER]: Omega Flex Inc current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Detrended Price Oscillator /
[Downtrend]: Price for Omega Flex Inc is currently below the displaced moving average

[BEARISH]: Omega Flex Inc currently has a confirmed downtrend. Price is currently below the displaced moving average for OFLXCurrently, the return on DPO20 is 1.1%.

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