REPORTING FOR 2019-10-21 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how OFLX has been trading over the last 2 weeks and the past day especially. On its latest session, Omega Flex, Inc. ($OFLX) opened at 88.27, reaching a high of 91.99 and a low of 86.3 before closing at a price of 90.85. There was a total volume of 20351.
VOLUME INDICATORS FOR OMEGA FLEX, INC. ($OFLX): We saw an accumulation-distribution index of 360.2681, an on-balance volume of 93.15, chaikin money flow of 2.05914 and a force index of 6.1596. There was an ease of movement rating of -0.09388, a volume-price trend of 3.69013 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR OMEGA FLEX, INC. ($OFLX): We noted an average true range of 1.74741, bolinger bands of 95.31595, an upper bollinger band of 81.99405, lower bollinger band of 86.3, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 88.85333, high band keltner channel of 85.13333, low band keltner channel of 92.57333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 86.3, a donchian channel low band of 86.3, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR OMEGA FLEX, INC. ($OFLX): We calculated a Moving Average Convergence Divergence (MACD) of 0.10567, a MACD signal of 0.05871, a MACD difference of 0.04697, a fast Exponential Moving Average (EMA) indicator of 86.3, a slow Exponential Moving Average (EMA) indicator of 86.3, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.43634, a trix of 1.34187, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -3.31251, a KST Oscillator (KST) of 39.9158 and a KST Oscillator (KST Signal) of 39.9158 (leaving a KST difference of 14.18889). We also found an Ichimoku rating of 90.13, an Ichimoku B rating of 90.13, a Ichimoku visual trend A of 85.9448, an Ichimoku visual trend B of 89.15108, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.
MOMENTUM INDICATORS FOR OMEGA FLEX, INC. ($OFLX): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 62.70714, a stochastic oscillator of 152.95699, a stochastic oscillator signal of 152.95699, a Williams %R rating of 52.95699 and an awesome oscillator of 0.71967.
RETURNS FOR OMEGA FLEX, INC. ($OFLX): There was a daily return of 3.99158, a daily log return of 5.31398 and a cumulative return of 5.45771.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-10-21 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Omega Flex, Inc. ($OFLX)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Omega Flex, Inc. ($OFLX) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.