OMEX - Odyssey Marine Exploration

Industry: Business Services Sector: Services Exchange: NASDAQ

OMEX - Odyssey Marine Exploration

Industry: Business Services Sector: Services Exchange: NASDAQ
#6481()/7535

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE -2.87%
PRICE $8.11
VOLUME
Sell
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

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Odyssey Marine Exploration Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Sell candidate since 2018-10-17
Shorts 41.76% ( 2018-09-28 )
Cash n/a
Loans n/a
Beta 2.17
ROA -192.47

Odyssey Marine Exploration fell by -2.87% in the last day from $8.35 to $8.11 The price has fallen in 6 of the last 10 days and is down by -1.46% 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 -3 934 shares and in total 8 413 shares bought and sold for approximately $68 229.40.

Trend

Odyssey Marine Exploration lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.05% during the next 3 months and, with 90% probability hold a price between $8.10 and $11.00 at the end of this period.

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 $8.11 and $8.25. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday October 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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A sell signal from a double top formation was found on Tuesday October 16, 2018 and based on theory for this formation the price should fall by -0.45% to $7.88 within 7 trading days since signal was issued (Thursday October 25, 2018).

Relative Strength Index (RSI)

RSI14 is 50 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 $7.87.

Support: $7.87 Price: $8.11 Resistance: $8.18

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

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

The Odyssey Marine Exploration stock holds several negative signals and despite the positive trend we believe Odyssey Marine Exploration will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.

Sell Candidate

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OMEX $8.11 $-0.24(-2.87%)
OMEX is down $0.24 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for OMEX based on the 1-3 month system that more than doubles the S&P 500.

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