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 OMER
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Omeros Corporation stock price up 4.51% on Monday
(Updated on Jul 22, 2024)

Buy or Hold candidate since Jun 13, 2024 Gain 20.57% PDF

The Omeros Corporation stock price gained 4.51% on the last trading day (Monday, 22nd Jul 2024), rising from $4.88 to $5.10. During the last trading day the stock fluctuated 7.62% from a day low at $4.79 to a day high of $5.16. The price has risen in 8 of the last 10 days and is up by 31.11% over the past 2 weeks. Volume fell on the last day by -85 thousand shares and in total, 265 thousand shares were bought and sold for approximately $1.35 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 very wide and strong 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 $5.27 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 33.92% during the next 3 months and, with a 90% probability hold a price between $5.47 and $7.05 at the end of this 3-month period.

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OMER Signals & Forecast

The Omeros Corporation 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 $4.84 and $4.12. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, July 17, 2024, and so far it has fallen -1.92%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Omeros Corporation stock

Omeros Corporation finds support from accumulated volume at $4.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.365 between high and low, or 7.62%. For the last week the stock has had daily average volatility of 9.19%.

The Omeros Corporation stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $4.91 (-3.67%) (This stock has high daily movements and this gives high risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 39 days ago.)

Trading Expectations (OMER) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Omeros Corporation to open at $5.02, and during the day (based on 14 day Average True Range), to move between $4.81 and $5.39, which gives a possible trading interval of +/-$0.289 (+/-5.68%) up or down from last closing price. If Omeros Corporation takes out the full calculated possible swing range there will be an estimated 11.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $5.20 (1.96%) than the support at $4.88 (4.31%), 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 Omeros Corporation 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 Omeros Corporation stock to perform well in the short-term.

Current score: 2.805 Buy Candidate Unchanged

Predicted Opening Price for Omeros Corporation of Tuesday, July 23, 2024

Fair opening price July 23, 2024 Current price
$5.02 ( 1.67%) $5.10

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

Trading levels for OMER

Fibonacci Support & Resistance Levels

Level Price
R3 5.38 5.49%
R2 5.24 2.76%
R1 5.15 1.07%
Price 5.10
S1 4.88 -4.40%
S2 4.79 -6.09%
S3 4.65 -8.82%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 5.20 1.96%
Price 5.10
S1 4.88 -4.31%
S2 4.23 -17.06%
S3 4.06 -20.39%

FAQ

What is the symbol for Omeros Corporation Stock and on which exchange is it traded?
The symbol for Omeros Corporation is OMER and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Omeros Corporation 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 Omeros Corporation stock to perform well in the short-term.

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

What's the current price of Omeros Corporation Stock?
As of the end of day on the Jul 22, 2024, the price of an Omeros Corporation (OMER) share was $5.10.

What is the 52-week high and low for Omeros Corporation Stock?
The 52-week high for Omeros Corporation Stock is $5.35 and the 52-week low is $0.92.

What is the market capitalization of Omeros Corporation Stock?
As of the Jul 22, 2024, the market capitalization of Omeros Corporation is 282.768M.

When is the next earnings date for Omeros Corporation?
The upcoming earnings date for Omeros Corporation is Aug 14, 2024.
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About Omeros Corporation

Omeros Omeros Corporation, a commercial-stage biopharmaceutical company, discovers, develops, and commercializes small-molecule and protein therapeutics, and orphan indications targeting inflammation, complement-mediated diseases, cancers related to dysfunction of the immune system, and addictive and compulsive disorders. The company's clinical programs include Narsoplimab (OMS721/MASP-2) that has completed pivotal studies for hematopoietic stem-cell tr... OMER Profile

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