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Archive
- 10/30/2026 -
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Omnicom Group (OMC) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was the negative week for the Omnicom Group (OMC). During the week, the OMC dropped -1.42 points, or -1.72%, and closed at 81.26 on Friday, October 30, 2026. Weekly volume was -28% below average.
 Long-term trend: [See OMC long-term trend chart]
A long-term uptrend had started on February 4, 2026 at 66.33 and reached 89.57 on August 24, 2026. OMC gained -23.24 points, or -35.04%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 75.62 and resistance is at 90.54. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See OMC medium-term trend chart]
A medium-term downtrend had started on August 24, 2026 at 89.57 and reached 73.63 on September 30, 2026. OMC lost 15.94 points, or 17.80%, in 5 weeks. The price is now at the 47.87% retracement level.
 Weekly Technical Indicators: [See OMC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since September 18, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See OMC short-term trend chart]
A short-term uptrend had started on September 30, 2026 at 73.63 and reached 86.26 on October 23, 2026. OMC gained -12.63 points, or -17.15%, in 23 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See OMC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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