Taking everything into account, OCEA scores 0 out of 10 in our technical rating. OCEA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, OCEA is a bad performer in the overall market: 100% of all stocks are doing better.
OCEA is one of the lesser performing stocks in the Biotechnology industry. 92% of 566 stocks in the same industry do better.
OCEA is currently making a new 52 week low. This is a very bad signal. OCEA is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month OCEA has a been trading in the 0.02 - 0.14 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
OCEA has an average volume of 62247300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.