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: 2nd timeframe trend Uptrend remains intact
Medium Trend /
Omega Flex Inc: 2nd timeframe trend Uptrend remains intact

OFLX: Medium Term Recent Trading -> (1) 19 Oct: Uptrend (2) 18 Oct: Uptrend (3) 17 Oct: Uptrend

Volume MACD for Omega Flex Inc is now gaining momentum @2842)
MACD Volume /
Volume MACD for Omega Flex Inc is now gaining momentum @2842)

[BULLISH CROSSOVER]: Omega Flex Inc currently has positive Volume MACD of 2842. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

GROWTH /
Omega Flex Inc: Asset valuation ($5.06)

Omega Flex Inc Key financial metrics: (1) Book Value: $5.06 (2) Market-to-Book ratio: 12.56 (3) PEG Ratio: 42.82

Volume /
Omega Flex Inc: Daily volume is 65422 [Higher Volume]

OFLX: VOLUME Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BEARISH

Moving Average Envelope /
Oversold signal continues for Omega Flex Inc indicating upward price movement is likely

[BULLISH]: Omega Flex Inc current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 62.0540.

Average True Range /
Average True Range for Omega Flex Inc has signalled an uptrend is active

[Bullish]: Average True Range has confirmed an uptrend is present. Omega Flex Inc has a TR of 2.85, and an ATR(14) of 2.08.

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Elders Force Index /
Bearish conditions for OFLX are likely to continue based on EFI (-16399)

[BEARISH]: Omega Flex Inc current price has highlighted recent selling pressure. Currently, the Elders Force Index is -16399.

Price continues to trade above the Sine Weighted Moving Average(5) for OFLX
Sine Weighted Moving Average /
Price continues to trade above the Sine Weighted Moving Average(5) for OFLX

OFLX: SWMA Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: BEARISH (3) 17 Oct: BEARISH CROSSOVER

OFLX: Price has moved above the EMA(5) @$63.8779
Exponential Moving Average /
OFLX: Price has moved above the EMA(5) @$63.8779

[BULLISH]: Omega Flex Inc currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 1.5%.

On Balance Volume /
Omega Flex Inc: Confirmation of stock accumulation

[BULLISH]: Omega Flex Inc current price has highlighted recent accumulation. Currently, the OBV is 83780.

Detrended Price Oscillator /
Price is currently below the displaced moving average for OFLX [Bearish]

[BEARISH]: Omega Flex Inc currently has a confirmed downtrend. Price is currently below the displaced moving average for OFLXCurrently, the return on DPO20 is 1.5%.

Percentage Price /
Omega Flex Inc currently has negative PPO -0.700

OFLX: PPO Recent Trading -> (1) 19 Oct: -0.660 (2) 18 Oct: -0.611 (3) 17 Oct: -0.395

Omega Flex Inc: Turnover is $99.00M
PROFIT /
Omega Flex Inc: Turnover is $99.00M

Omega Flex Inc Key financial metrics: (1) Revenue: $99.00M (2) EBITDA: $23.34M (3) Price-Sales ratio: 6.47

Stoploss for Omega Flex Inc should be set between $61.2 & $59.97
Pivot Points /
Stoploss for Omega Flex Inc should be set between $61.2 & $59.97

Omega Flex Inc has broken the first resistance point ($65.67) [Bullish]. Look for a long limit order entry near this point. Exit price for OFLX should be set @$66.9 & Stoploss for Omega Flex Inc should be set between $61.2 & $59.97

Volume Rate of Change /
Volume rate of change continues to build for Omega Flex Inc signalling a short term uptrend is likely

[BULLISH]: Omega Flex Inc currently has positive volume of change of 60%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 1.5%.

Ease of Movement /
Price dipped caused by low volume trading for Omega Flex Inc during last trading session

OFLX: EOM Recent Trading -> (1) 19 Oct: -849.485 (2) 18 Oct: 9688.01 (3) 17 Oct: 6382.14

Low Price /
[Bearish]: Lower low has formed for OFLX by -1 % during the last trading session

[BULLISH]: Omega Flex Inc current downtrend in the first timeframe. Currently, the Low is $62.43 (-1 %).

ROC continues to fall for Omega Flex Inc signalling an downtrend will persist
Rate of Change /
ROC continues to fall for Omega Flex Inc signalling an downtrend will persist

OFLX: ROC Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: BEARISH (3) 17 Oct: BEARISH

Open/close reversal confirmed for Omega Flex Inc signalling the buyers have taken control
Open Tod Vs Close Tod /
Open/close reversal confirmed for Omega Flex Inc signalling the buyers have taken control

[BULLISH]: Omega Flex Inc opened in the middle part of daily range at 41.1% & closed in the upper part of the trading range at 70.5%. This suggests the buyers have taken control. Over the last 12 months there has been 28 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 10.6%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 7.1%.

Omega Flex Inc: Elder Ray Index is 0.235 [Bullish]
Elder Ray Index /
Omega Flex Inc: Elder Ray Index is 0.235 [Bullish]

[BULLISH]: Omega Flex IncElder Ray Index is signalling a Bullish movementERI is 0.235 indicating bull power. Prices are being driven above the consensus of value for OFLX during the last trading session [Buying Pressure]

Demarks Pivot Points /
DeMark pivot point for OFLX is bullish. Stoploss should be positioned @$63.435

Omega Flex Inc current pivot point (DeMark) is: (R1) $66.285. The current pivot point (DeMark) is: (S1) $63.435.

Ex-Dividend /
Dividends for OFLX was paid on the Sep 21 2017

The last ex-dividend date recorded for OFLX occurred on the Sep 21 2017. This event was 28 days from the current trading day.

Accumulation / Distribution /
OFLX: Current trading activity signals accumulation is active

[BULLISH]: Omega Flex Inc current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Opening Price /
Omega Flex Inc: Daily opening performance is 0.8 % [Uptrend]

[BULLISH]: Omega Flex Inc opening price has gapped up. Currently, the OPEN is $63.6 (0.8 %).

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

[BULLISH CROSSOVER]: Omega Flex Inc currently has positive momentum of 0.94. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.5%. The largest upward momentum rally for the last 3 months is 23 days producing a return of 24.3%%.

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

[BEARISH]: Omega Flex Inc currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 1.5%.

MACD /
MACD for Omega Flex Inc continues to lose momentum @-0.976000

[BEARISH]: Omega Flex Inc currently has negative MACD of -0.976000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -8.3%.

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