1Life Healthcare Inc (ONEM): Price Now Near $20.2; Daily Chart Shows Downtrend on 100 Day Basis

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The Hourly View for ONEM

Currently, ONEM (Get Ratings)’s price is up $0.04 (0.2%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as ONEM has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

ONEM ranks 41st in terms of today’s price percentage change out of Healthcare stocks.

ONEM’s Technical Outlook on the Daily Chart

At the moment, ONEM’s price is up $0.01 (0.05%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. 1Life Healthcare Inc’s price action over the past 90 days can be seen via the chart below.

ONEM: Daily RSI Analysis

  • For ONEM, its RSI is now at 1.8868.
  • ONEM and RSI may be exhibiting divergent trends. This may be something to monitor.

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