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 stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 66.6 as stoploss in an intra day buy trade for a target of 68.03. However, stock will show a bearish move below 66.6.

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: 67.05
  • 12Day Average: 67.31
  • 20Day Average: 68.26
  • 50Day Average: 69.63
  • 100Day Average: 71.47
  • 150Day Average: 72.08
  • 200Day Average: 74.81

OFLX Indicators & signals

Indicator MACD (12,26,9)

67.48, 68.39, -0.85
Indicator MACD is in negative zone

Indicator ADX (14)

1.54, 19.64, 19.05
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 50
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
01 Wed May 2024 67.08 66.20 to 67.08 1.24% 1.41 times
30 Tue Apr 2024 66.26 66.20 to 67.94 -1.81% 0.98 times
29 Mon Apr 2024 67.48 66.52 to 67.48 0.94% 1.03 times
26 Fri Apr 2024 66.85 66.23 to 67.82 -1.09% 0.87 times
25 Thu Apr 2024 67.59 66.81 to 67.59 0.13% 0.6 times
24 Wed Apr 2024 67.50 66.50 to 67.62 0% 0.84 times
23 Tue Apr 2024 67.50 66.76 to 67.90 0.87% 0.87 times
22 Mon Apr 2024 66.92 66.92 to 68.00 -0.12% 0.67 times
19 Fri Apr 2024 67.00 66.07 to 67.57 0.22% 1.81 times
18 Thu Apr 2024 66.85 66.24 to 67.78 -0.28% 1.24 times
17 Wed Apr 2024 67.04 67.04 to 69.00 -3.77% 1.08 times
16 Tue Apr 2024 69.67 69.40 to 69.70 1.93% 0.57 times

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