OFLX NEWS why is Omega Flex, Inc. price falling or rising

OFLX NEWS reasons for why stock price of Omega Flex, Inc. is falling or rising

OFLX Omega Flex is falling or rising technical reasons

Technical analysis forecast for Omega Flex Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Omega Flex OFLX at this time. Stock is falling and might fall more.

It appears as if Omega Flex OFLX gave a large move recently.

Stock of Omega Flex (OFLX) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Omega Flex is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Omega Flex stays below 46.6, but if it comes above 46.6, then a intra day buy could be more profitable.
If you take a sell trade below 46.6, then use 46.6 as stoploss and 43 as target. However if you take a buy trade in Omega Flex, then use 46.6 as stoploss and 49.55 as target.

OFLX Omega Flex is falling or rising NEWS fundamental reasons

More announcements and NEWS

OFLX Omega Flex, Inc. current price & indicator signals

Moving Averages for Omega Flex, Inc.

  • 5Day Average: 47.4
  • 12Day Average: 48.9
  • 20Day Average: 50.99
  • 50Day Average: 50.21
  • 100Day Average: 49.4
  • 150Day Average: 52.25
  • 200Day Average: 56.5

OFLX Indicators & signals

Indicator MACD (12,26,9)

48.72, 49.81, -0.43
Indicator MACD is in negative zone

Indicator ADX (14)

25.58, 18.5, 31.21
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 59
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of OFLX Omega Flex, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Thu Dec 2024 46.21 45.31 to 46.87 -0.09% 0.91 times
11 Wed Dec 2024 46.25 45.92 to 47.30 -0.96% 2.59 times
10 Tue Dec 2024 46.70 46.70 to 47.95 -3.39% 1.02 times
09 Mon Dec 2024 48.34 46.68 to 48.34 -2.34% 0.56 times
26 Tue Nov 2024 49.50 48.70 to 50.00 0% 0.68 times
26 Tue Nov 2024 49.50 48.70 to 50.00 -1.45% 0.68 times
25 Mon Nov 2024 50.23 50.23 to 52.05 -0.46% 0.96 times
22 Fri Nov 2024 50.46 49.20 to 50.80 3.53% 1.15 times
21 Thu Nov 2024 48.74 48.61 to 50.00 -1.28% 1.05 times
20 Wed Nov 2024 49.37 48.72 to 50.02 -2.1% 0.59 times
19 Tue Nov 2024 50.43 49.84 to 51.46 -1.29% 0.71 times
18 Mon Nov 2024 51.09 51.05 to 52.85 -2.28% 0.77 times

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OFLX NEWS why is Omega Flex, Inc. price falling or rising

 

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