We assign a technical rating of 6 out of 10 to OCUL. Although OCUL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, OCUL does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.63
We found 6 important support areas.
- A support zone ranging from 11.69 to 11.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.29 from a trend line in the weekly time frame.
- Support @11.05 from a trend line in the daily time frame.
- Support @10.84 from a horizontal line in the weekly time frame.
- Support @10.62 from a horizontal line in the daily time frame.
- Support @7.71 from a trend 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 | UP | POSITIVE | The long term trend for OCUL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OCUL is up. |
| ChartMill Relative Strength | 77.95 | POSITIVE | OCUL has a high relative strength, it outperformed 77.95% off all stocks 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) | DOWN | MIXED | The current price of OCUL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OCUL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.04 | NEUTRAL | The RSI value for OCUL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests OCUL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.34 | OVERBOUGHT | The high Stochastics value suggests OCUL may be overbought. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for OCUL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.16 | NEGATIVE | The low ADX value for OCUL suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.57 | 11.68 | 0.88 (7.04%) | 14.20% |
| An entry @12.56. This is a Buy Stop order right above the 10 day high. | An exit @11.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.88 points, which is 7.04%. | For a 1.00% total portfolio risk, you can invest 14.20% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
12.13
+0.03 (+0.25%)
OCULAR THERAPEUTIX INC / OCUL FAQ
What is the ChartMill technical rating of OCULAR THERAPEUTIX INC (OCUL) stock?
ChartMill assigns a technical rating of 6 / 10 to OCUL.
What is the trend direction for OCUL stock?
The current trend direction for OCULAR THERAPEUTIX INC (OCUL) is Bullish.
What is the RSI signal for OCULAR THERAPEUTIX INC (OCUL) stock?
OCULAR THERAPEUTIX INC (OCUL) has an RSI value of 57.0354. This indicates that the stock is currently neutral.
What is the MACD signal for OCULAR THERAPEUTIX INC (OCUL) stock?
The MACD indicator for OCULAR THERAPEUTIX INC (OCUL) has a value of 0.127631, indicating a bearish trend.
What is the support and resistance level for OCUL stock?
OCULAR THERAPEUTIX INC (OCUL) has a support level at 11.79. Check the full technical report for our detailed analysis of OCUL support and resistance levels.