OMEX - Odyssey Marine Exploration

Industry: Business Services Sector: Services Exchange: NASDAQ

OMEX - Odyssey Marine Exploration

Industry: Business Services Sector: Services Exchange: NASDAQ
#4923()/6981

Fri 20'th Jul 2018

PERIOD 2018-04-23 - 2018-07-20
CHANGE -1.83%
PRICE $7.50
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

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Odyssey Marine Exploration Stock Analysis

Technical stock analysis for Fri 20'th Jul 2018

Sell candidate since 2018-07-17 Loss -4.94%
Shorts 42.06% ( 2018-06-29 )
Cash n/a
Loans n/a
Beta 1.97
ROA -180.43

Odyssey Marine Exploration fell by -1.83% in the last day from $7.64 to $7.50 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days and is down by -0.66% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -7 086 shares and in total 13 030 shares bought and sold for approximately $97 725.00.

Trend

Given the current horizontal trend you can expect Odyssey Marine Exploration with 90% probability to be traded between $6.90 and $9.23 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Odyssey Marine Exploration holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $7.71 and $8.38. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday July 16, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

RSI14 is 35 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Odyssey Marine Exploration finds support from accumulated volume at $7.41.

Support: $7.41 Price: $7.50 Resistance: $8.27

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.22 between high and low, or 2.98%. For the last week the stock has had a daily average volatility of 5.45%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

Odyssey Marine Exploration 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.

Sell Candidate

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OMEX $7.50 $-0.14(-1.83%)
OMEX is down $0.14 today, but where's it headed in August?
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