OCULAR THERAPEUTIX INC (OCUL) Technical Analysis
NASDAQ:OCUL • US67576A1007
Current stock price
OCUL Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to OCUL. OCUL has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- OCUL 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month OCUL has a been trading in the 7.38 - 9.86 range, which is quite wide. It is currently trading near the high of this range.
- OCUL has an average volume of 5969920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When compared to the yearly performance of all other stocks, OCUL outperforms 49% of them, which is more or less in line with the market.
- OCUL is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, OCUL did better than 54% of them.
OCUL Weekly and Daily overview Charts
OCUL Setup Rating and Analysis
OCUL has an average technical rating and the quality of the presented setup is also not ideal 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
OCUL Support and Resistance Analysis
7.58
We found 2 important support areas.
- A support zone ranging from 8.75 to 8.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 7.66 to 7.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @9.83 from a horizontal line in the daily time frame.
- Resistance @10.28 from a horizontal line in the weekly time frame.
- Resistance @10.59 from a trend line in the daily time frame.
OCUL Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for OCUL is up. |
| ChartMill Relative Strength | 49.61 | NEUTRAL | OCUL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OCUL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OCUL is above the rising 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) | 55.23 | NEUTRAL | The RSI value for OCUL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests OCUL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.2 | OVERBOUGHT | The high Stochastics value suggests OCUL may be overbought. |
| Average True Range in percent/ATR (20) | 5.95 | HIGH VOLATILITY | The high ATR as a percentage value for OCUL suggests high volalility. |
| Average Directional Index/ADX (14) | 17.1 | NEGATIVE | The low ADX value for OCUL suggests a weak or negative trend. |
OCUL Chart- and CandleStick Pattern Analysis
OCUL Technicals: Chart, Performance Metrics, Trend & Indicators
9.32
-0.2 (-2.1%)
OCULAR THERAPEUTIX INC / OCUL TA FAQ
What is the ChartMill technical rating of OCULAR THERAPEUTIX INC (OCUL) stock?
ChartMill assigns a technical rating of 4 / 10 to OCUL.
Can you provide the trend direction for OCULAR THERAPEUTIX INC?
The current trend direction for OCULAR THERAPEUTIX INC (OCUL) is Bearish.
Can you provide the RSI signal for OCULAR THERAPEUTIX INC?
OCULAR THERAPEUTIX INC (OCUL) has an RSI value of 55.2271. This indicates that the stock is currently neutral.
What is the short term momentum for OCULAR THERAPEUTIX INC (OCUL) stock?
The short term momentum for OCULAR THERAPEUTIX INC (OCUL) is positive.
Can you provide the support and resistance levels for OCULAR THERAPEUTIX INC?
OCULAR THERAPEUTIX INC (OCUL) has a support level at 8.84 and a resistance level at 9.83. Check the full technical report for our detailed analysis of OCUL support and resistance levels.