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 price ended at $96.76 on Thursday, after gaining 1.68%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 2.65% PDF

The Omnicom Group Inc stock price gained 1.68% on the last trading day (Thursday, 28th Mar 2024), rising from $95.16 to $96.76. During the last trading day the stock fluctuated 1.36% from a day low at $96.14 to a day high of $97.45. The price has risen in 6 of the last 10 days and is up by 4.46% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $217.54 million.

The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $96.05, a level that may pose a second chance to hit a runner. According to fan-theory $103.76 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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OMC Signals & Forecast

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 $94.37 and $90.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 09, 2024, and so far it has risen 14.39%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.31 (1.36%) between high and low. For the last week, the stock has had daily average volatility of 1.63%.

Our recommended stop-loss: $93.22 (-3.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (OMC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Omnicom Group Inc to open at $96.78, and during the day (based on 14 day Average True Range), to move between $95.05 and $98.47, which gives a possible trading interval of +/-$1.71 (+/-1.76%) up or down from last closing price. If Omnicom Group Inc takes out the full calculated possible swing range there will be an estimated 3.53% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $89.15, some $7.61 (7.86%) from the current price of $96.76, our system finds the risk reward attractive.

Is Omnicom Group Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can 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 period. Due to a possible false trend-break listing stock as pure buy candidate is held back.

Current score: 4.945 Buy Candidate Unchanged

Predicted Opening Price for Omnicom Group Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$96.78 ( 0.0241%) $96.76

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 98.09 1.38 %
R2 97.59 0.86 %
R1 97.28 0.541 %
Current price: 96.76
Support S1 96.28 -0.493 %
S2 95.97 -0.81 %
S3 95.47 -1.33 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 96.76
Support S1 89.15 -7.86%
S2 88.44 -8.60%
S3 86.32 -10.79%

OMC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 15, 2024 Mar 08, 2024 Apr 09, 2024 $0.700 0.723%
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 the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can 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 period. Due to a possible false trend-break listing stock as pure buy candidate is held back.

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 2024-03-28, the price of an Omnicom Group Inc (OMC) share was $96.76.

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 2024-03-28, the market capitalization of Omnicom Group Inc is 19.158B.

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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