NYLI CLEAN OCEANS ETF-USD (OCEN) Stock Technical Analysis
USA - NYSEARCA:OCEN - US45409B2896 - ETF
18.55 USD
+0.49 (+2.71%)
We assign a technical rating of 0 out of 10 to OCEN. OCEN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, OCEN is a bad performer in the overall market: 66% of all stocks are doing better.
OCEN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month OCEN has a been trading in the 18.06 - 21.30 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.
Warning: OCEN has an average volume of 680 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of OCEN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
18.35
23.69
When analyzing the support we notice one important area.
- Support @18.54 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 20.29 to 21.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.46 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for OCEN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OCEN is down. |
| ChartMill Relative Strength | 34.96 | NEUTRAL | OCEN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OCEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OCEN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OCEN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28 | OVERSOLD | The low RSI value suggests OCEN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests OCEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.46 | OVERSOLD | The low Stochastics value suggests OCEN may be oversold. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for OCEN suggests low volalility. |
| Average Directional Index/ADX (14) | 21.94 | NEUTRAL | The ADX value for OCEN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:OCEN (4/9/2025, 8:04:02 PM)
18.55
+0.49 (+2.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.71%
1 Week-9.49%
2 Weeks-10.17%
1 Month-10.71%
3 Month-6.75%
6 Month-17.88%
12 Month-14.6%
2 Year-12.67%
3 Year-10.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%1.81%
ATR Inc292.67%
Range Today1.09
ADR(20)0.16
ADR(20)%0.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.96
Mansfield-0.52
10 Day High20.65
10 Day Low18.06
20 Day High21.3
20 Day Low18.06
52 Week High23.68
52 Week Low18.06
CS1 End18.54
CR1 Start20.29
Volume & EV
DER(3)2.86%
DER(5)1.72%
Volume19.50K
Volume Incr1045%
Vol(5)4.58K
Vol(50)680