Jim Van Meerten
3 min read
In This Article:
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Ouster (OUST) shows strong technical momentum and hit a new 52-week high on Friday, June 20.
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OUST has a 100% technical “Buy” signal via Barchart.
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Shares have more than doubled over the past year.
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Fundamentals are robust and analyst sentiment is moderately bullish.
Valued at $1.2 billion, Ouster (OUST) is a provider of high-resolution digital lidar sensors for industrial automation, robotics, smart infrastructure and automotive industries.
I found today’s Chart of the Day by using Barchart’s powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. OUST checks those boxes. Since the Trend Seeker signaled a buy on May 9, the stock has gained 103%.
OUST Price vs. Daily Moving Averages:
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
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Powered by Money.com - Yahoo may earn commission from the links above.Ouster shares hit a new 52-week high on Friday, June 20, touching $22.40 in intraday trading. Shares closed just 3.9% below the new high.
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Ouster has a 100% technical “Buy” signal.
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The stock recently traded at $21.56, above its 50-day moving average of $11.51.
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OUST has a Weighted Alpha of +99.54.
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The stock has gained 108.3% over the past year.
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OUST has its Trend Seeker “Buy” signal intact.
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Ouster is trading above its 20, 50 and 100-day moving averages.
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The stock has made 13 new highs and gained 106.5% in the last month.
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Relative Strength Index is at 74.16%.
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The technical support level is $20.56.
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$1.2 billion market cap.
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Revenue is projected to grow 29.75% this year and another 36.11% next year.
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Earnings are estimated to increase 60.35% this year and an additional 39.10% next year.
I don’t buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it’s hard to make money swimming against the tide.