Omnicom Technical Analysis (NYSE:OMC)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The OMC stock chart pattern can give those who understand technical analysis an indication of which way OMC stock is headed, but cannot predict with 100% certainty as to what can happen to the Omnicom stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Omnicom. The technical analysis form of Omnicom stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Omnicom Moving Average
Moving averages show the average price of OMC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $73.88 is below the last closing price of $75.91 and the 50 day moving average of $74.04 is below the last closing price of $75.91. The 10 and 20 day periods can predict short term moving average trends.
Omnicom Bollinger Bands
Bollinger bands comprise of a center line usually OMC SMA, and two OMC stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $75.91 is in the upper range of Omnicom bollinger bands.
Omnicom Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Omnicom MACD indicator is below 0 indicating a bearish trend.
Omnicom Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 74.02 is the RSI value of OMC stock.