Olema Pharmaceuticals Stock Technical Analysis

OLMA Stock  USD 12.62  0.36  2.77%   
As of the 25th of September, Olema Pharmaceuticals holds the Risk Adjusted Performance of 0.0486, coefficient of variation of 1988.61, and Semi Deviation of 4.51. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Olema Pharmaceuticals, as well as the relationship between them.

Olema Pharmaceuticals Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Olema, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Olema
  
Olema Pharmaceuticals' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Olema Pharmaceuticals Analyst Consensus

Target PriceAdvice# of Analysts
22.0Strong Buy9Odds
Olema Pharmaceuticals current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Olema analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Olema stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Olema Pharmaceuticals, talking to its executives and customers, or listening to Olema conference calls.
Olema Analyst Advice Details
Olema Pharmaceuticals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Olema Pharmaceuticals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Olema Pharmaceuticals trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Olema Pharmaceuticals Technical Analysis

Indicator
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Execute Indicator
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Olema Pharmaceuticals volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Olema Pharmaceuticals Trend Analysis

Use this graph to draw trend lines for Olema Pharmaceuticals. You can use it to identify possible trend reversals for Olema Pharmaceuticals as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Olema Pharmaceuticals price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Olema Pharmaceuticals Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Olema Pharmaceuticals applied against its price change over selected period. The best fit line has a slop of   0.0099  , which may suggest that Olema Pharmaceuticals market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3.69, which is the sum of squared deviations for the predicted Olema Pharmaceuticals price change compared to its average price change.

About Olema Pharmaceuticals Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Olema Pharmaceuticals on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Olema Pharmaceuticals based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Olema Pharmaceuticals price pattern first instead of the macroeconomic environment surrounding Olema Pharmaceuticals. By analyzing Olema Pharmaceuticals's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Olema Pharmaceuticals's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Olema Pharmaceuticals specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Current Ratio31.8512.6212.3311.71
Net Debt To EBITDA3.990.20.630.6

Olema Pharmaceuticals September 25, 2024 Technical Indicators

Most technical analysis of Olema help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Olema from various momentum indicators to cycle indicators. When you analyze Olema charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Olema Pharmaceuticals September 25, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Olema stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Complementary Tools for Olema Stock analysis

When running Olema Pharmaceuticals' price analysis, check to measure Olema Pharmaceuticals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Olema Pharmaceuticals is operating at the current time. Most of Olema Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of Olema Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Olema Pharmaceuticals' price. Additionally, you may evaluate how the addition of Olema Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.
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