Owens Minor Stock Technical Analysis

OMI Stock  USD 12.23  0.34  2.86%   
As of the 22nd of November, Owens Minor holds the Risk Adjusted Performance of (0.06), coefficient of variation of (1,135), and Variance of 14.97. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Owens Minor, as well as the relationship between them.

Owens Minor Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Owens, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Owens
  
Owens Minor's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Owens Minor Analyst Consensus

Target PriceAdvice# of Analysts
20.4Buy7Odds
Owens Minor current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Owens analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Owens stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Owens Minor, talking to its executives and customers, or listening to Owens conference calls.
Owens Analyst Advice Details
Owens Minor technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Owens Minor technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Owens Minor trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Owens Minor Technical Analysis

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The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Owens Minor volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Owens Minor Trend Analysis

Use this graph to draw trend lines for Owens Minor. You can use it to identify possible trend reversals for Owens Minor as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Owens Minor price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Owens Minor Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Owens Minor applied against its price change over selected period. The best fit line has a slop of   0.06  , which may imply that the returns on investment in Owens Minor will continue to fail. It has 122 observation points and a regression sum of squares at 157.71, which is the sum of squared deviations for the predicted Owens Minor price change compared to its average price change.

About Owens Minor Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Owens Minor on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Owens Minor based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Owens Minor price pattern first instead of the macroeconomic environment surrounding Owens Minor. By analyzing Owens Minor's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Owens Minor's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Owens Minor specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2023 (projected)
Dividend Yield2.31E-42.08E-4
Price To Sales Ratio0.320.14

Owens Minor November 22, 2024 Technical Indicators

Most technical analysis of Owens help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Owens from various momentum indicators to cycle indicators. When you analyze Owens charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Owens Minor November 22, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Owens stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Complementary Tools for Owens Stock analysis

When running Owens Minor's price analysis, check to measure Owens Minor's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Owens Minor is operating at the current time. Most of Owens Minor's value examination focuses on studying past and present price action to predict the probability of Owens Minor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Owens Minor's price. Additionally, you may evaluate how the addition of Owens Minor to your portfolios can decrease your overall portfolio volatility.
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