Omnicell Stock Forecast
Omnicell stock price ended at $27.13 on Thursday, after losing 1.09%.
(Updated on Apr 25, 2024)
The Omnicell stock price fell by -1.09% on the last day (Thursday, 25th Apr 2024) from $27.43 to $27.13. During the last trading day the stock fluctuated 2.62% from a day low at $26.74 to a day high of $27.44. The price has fallen in 6 of the last 10 days and is down by -0.7% for this period. Volume has increased on the last day by 90 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 498 thousand shares were bought and sold for approximately $13.52 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.83% during the next 3 months and, with a 90% probability hold a price between $21.14 and $27.83 at the end of this 3-month period.
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OMCL Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 3.75%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Omnicell stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $27.50 and $27.82. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Omnicell stock
Omnicell finds support from accumulated volume at $26.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.700 between high and low, or 2.62%. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OMCL) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Omnicell to open at $27.10, and during the day (based on 14 day Average True Range), to move between $26.11 and $28.15, which gives a possible trading interval of +/-$1.02 (+/-3.77%) up or down from last closing price. If Omnicell takes out the full calculated possible swing range there will be an estimated 7.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.69 (2.06%) than the support at $26.36 (2.84%), 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.
Earnings coming up
Omnicell will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0800. We will update the financials statements for Omnicell, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.25% in the first trading day after earnings release.
Is Omnicell stock A Buy?
Omnicell holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.262 Sell Candidate Unchanged
Predicted Opening Price for Omnicell of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $27.10 ( 0.0983%) | $27.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OMCL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.80 | 2.48 % | |
| R2 | 27.54 | 1.50 % | ||
| R1 | 27.37 | 0.89 % | ||
| Current price: | 27.13 | |||
| Support | S1 | 26.84 | -1.08 % | |
| S2 | 26.67 | -1.69 % | ||
| S3 | 26.40 | -2.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.10 | 7.26 % | |
| R2 | 27.93 | 2.95 % | ||
| R1 | 27.69 | 2.06 % | ||
| Current price | 27.13 | |||
| Support | S1 | 26.36 | -2.84% | |
| S2 | 26.31 | -3.02% | ||
| S3 | 26.24 | -3.28% |
FAQ
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