OCULAR THERAPEUTIX INC (OCUL) Stock Technical Analysis
NASDAQ:OCUL - Nasdaq - US67576A1007 - Common Stock - Currency: USD
Taking everything into account, OCUL scores 2 out of 10 in our technical rating. Although OCUL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month OCUL has a been trading in the 6.69 - 8.89 range, which is quite wide. It is currently trading near the lows of this range.
OCUL is part of the Pharmaceuticals industry. There are 198 other stocks in this industry. OCUL outperforms 87% of them.
OCUL has an average volume of 1675170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, OCUL did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
OCUL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OCUL is lagging the market slightly.
OCUL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.30. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for OCUL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.87
8.62
When analyzing the support we can see 6 important areas.
- A support zone ranging from 7.18 to 7.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.92 from a horizontal line in the daily time frame.
- Support @6.76 from a trend line in the weekly time frame.
- Support @6.57 from a trend line in the weekly time frame.
- Support @6.35 from a horizontal line in the weekly time frame.
- Support @5.93 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 7.30 to 7.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.50 to 8.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 OCUL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OCUL is down. |
| ChartMill Relative Strength | 86.63 | POSITIVE | OCUL has a high relative strength, it outperformed 86.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OCUL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OCUL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OCUL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.24 | NEUTRAL | The RSI value for OCUL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests OCUL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.55 | NEUTRAL | The Stochastics value for OCUL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.74 | HIGH VOLATILITY | The high ATR as a percentage value for OCUL suggests high volalility. |
| Average Directional Index/ADX (14) | 10.94 | NEGATIVE | The low ADX value for OCUL suggests a weak or negative 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)
7.3
+0.08 (+1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.18%
1 Week1.11%
2 Weeks3.4%
1 Month-5.32%
3 Month4.29%
6 Month-17.33%
12 Month25.97%
2 Year14.06%
3 Year133.23%
5 Year3.69%
10 Year-69.8%
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%6.74%
ATR Inc-55.11%
Range Today0.31
ADR(20)0.46
ADR(20)%6.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.63
Mansfield-1.17
10 Day High7.66
10 Day Low6.69
20 Day High8.9
20 Day Low6.69
52 Week High11.78
52 Week Low4.79
CS1 End7.26
CR1 Start7.3
Volume & EV
DER(3)6.39%
DER(5)6.81%
Volume1.63M
Volume Incr-10.21%
Vol(5)1.40M
Vol(50)1.68M