OMH Rockets 22.8%, Eyes Key $1.25 Resistance

$Ohmyhome Ltd(OMH)$

OMH Soared +22.77%: Singaporean Proptech Rocket Faces $1.25 Key Test

Latest Close Data:

Closed at $1.24 on 2026-01-13, up 22.77% for the day. The stock remains 72.2% below its 52-week high of $4.46.

Core Market Drivers:

The massive 79.21% intraday amplitude and 95.79% turnover rate indicate extreme speculative activity, likely driven by retail momentum and potential low-float dynamics, as institutional coverage remains minimal.

Technical Analysis:

The surge was accompanied by a colossal volume of 24.58M shares (Volume Ratio: 727.94). The RSI(6) at 93.71 signals extreme overbought conditions, while the MACD (DIF: 0.0206, DEA: -0.0249, MACD: 0.09095) shows a bullish crossover and expanding positive histogram, confirming strong short-term momentum.

Key Price Levels:

Primary Support: $1.24 (yesterday's resistance turned support).
Strong Resistance: $1.25 (immediate technical hurdle).
Immediate Pivot: $1.24. A close above this level is critical for the uptrend to sustain.

Valuation Perspective:

The company is not profitable (EPS TTM: -$1.32, P/E: N/A). Its Price-to-Sales ratio of 3.13 may appear elevated for a loss-making proptech firm, requiring significant growth to justify.

Analyst Targets:

Only 1 analyst covers the stock with a "Hold" rating and a long-term target price of $29.0, implying massive upside but based on very limited consensus.

Weekly Outlook:

Expect high volatility and a test of the $1.25 resistance. A successful break could target the $1.50-$1.60 zone. Failure to hold $1.24 may lead to a sharp pullback towards $1.03 (today's low).

Risk Disclaimer:

This is not financial advice. Trading micro-cap stocks like OMH involves RISKS, including extreme volatility, low liquidity, and potential dilution. The company has negative fundamentals (ROA: -16.40%, ROE: -59.67%). Conduct your own research before investing.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.