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Archive
- 7/31/2026 -
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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 -0.96 points, or -1.21%, and closed at 78.70 on Friday, July 31, 2026. Weekly volume was 9% above average.
 Long-term trend: [See OMC long-term trend chart]
A long-term downtrend had started on November 6, 2024 at 107.00 and reached 66.33 on February 4, 2026. OMC lost 40.67 points, or 38.01%, in 65 weeks. The price is now at the 30.42% retracement level.
 Medium-term trend: [See OMC medium-term trend chart]
A medium-term uptrend had started on May 20, 2026 at 69.98 and reached 87.41 on July 28, 2026. OMC gained -17.43 points, or -24.91%, in 9 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 70.70 and resistance is at 88.44. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See OMC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 2, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See OMC short-term trend chart]
A short-term downtrend had started on July 28, 2026 at 87.41 and reached 76.46 on July 30, 2026. OMC lost 10.95 points, or 12.53%, in 2 days. The price is now at the 20.46% retracement level.
 Daily Technical Indicators: [See OMC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since July 29, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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