RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of OMC
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Omnicom Group Inc stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 0.95% PDF

The Omnicom Group Inc stock price gained 2.57% on the last trading day (Wednesday, 27th Mar 2024), rising from $92.78 to $95.16. During the last trading day the stock fluctuated 2.22% from a day low at $93.13 to a day high of $95.20. The price has been going up and down for this period, and there has been a -0.53% loss for the last 2 weeks. Volume fell on the last day by -421 thousand shares and in total, 1 million shares were bought and sold for approximately $95.84 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $96.74 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.26% during the next 3 months and, with a 90% probability hold a price between $94.42 and $103.77 at the end of this 3-month period.

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OMC Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -0.533%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Omnicom Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $93.89 and $90.27. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Omnicom Group Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $89.15 and $88.44. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Omnicom Group Inc finds support just below today's level at $89.15. If this is broken, then the next support from accumulated volume will be at $88.44 and $86.32.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.07 between high and low, or 2.22%. For the last week, the stock has had daily average volatility of 1.60%.

Our recommended stop-loss: $91.88 (-3.45%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (OMC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Omnicom Group Inc to open at $94.50, and during the day (based on 14 day Average True Range), to move between $93.50 and $96.82, which gives a possible trading interval of +/-$1.66 (+/-1.75%) up or down from last closing price. If Omnicom Group Inc takes out the full calculated possible swing range there will be an estimated 3.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $95.67 (0.54%) than the support at $89.15 (6.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Omnicom Group Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Omnicom Group Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.887 Buy Candidate Upgraded

Predicted Opening Price for Omnicom Group Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$94.50 ( 0.697%) $95.16

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for OMC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 96.57 1.48 %
R2 95.78 0.647 %
R1 95.29 0.134 %
Current price: 95.16
Support S1 93.71 -1.53 %
S2 93.22 -2.04 %
S3 92.43 -2.87 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 95.67 0.536 %
Current price 95.16
Support S1 89.15 -6.32%
S2 88.44 -7.06%
S3 86.32 -9.29%

OMC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 15, 2024 Mar 08, 2024 Apr 09, 2024 $0.700 0.736%
2 Dec 12, 2023 Dec 22, 2023 Jan 12, 2024 $0.700 0.789%
3 Dec 12, 2023 Dec 21, 2023 Jan 12, 2024 $0.700 0.789%
4 Jul 25, 2023 Sep 20, 2023 Oct 12, 2023 $0.700 0.93%
5 May 02, 2023 Jun 08, 2023 Jul 07, 2023 $0.700 0.753%

FAQ

What is the symbol for Omnicom Group Inc Stock and on which exchange is it traded?
The symbol for Omnicom Group Inc is OMC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Omnicom Group Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Omnicom Group Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Omnicom Group Inc Stock?
Omnicom Group Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Omnicom Group Inc Stock.

What's the current price of Omnicom Group Inc Stock?
As of the end of day on the 2024-03-27, the price of an Omnicom Group Inc (OMC) share was $95.16.

What is the 52-week high and low for Omnicom Group Inc Stock?
The 52-week high for Omnicom Group Inc Stock is $99.23 and the 52-week low is $72.20.

What is the market capitalization of Omnicom Group Inc Stock?
As of the 2024-03-27, the market capitalization of Omnicom Group Inc is 18.841B.

When is the next earnings date for Omnicom Group Inc?
The upcoming earnings date for Omnicom Group Inc is Apr 16, 2024.
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About Omnicom Group Inc

Omnicom Group Omnicom Group Inc., together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, d... OMC Profile

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