OCUPHIRE PHARMA INC (OCUP) Stock Technical Analysis
NASDAQ:OCUP - Nasdaq - US67577R1023 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to OCUP. OCUP 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, OCUP is a bad performer in the overall market: 96% of all stocks are doing better.
OCUP is one of the lesser performing stocks in the Pharmaceuticals industry. 79% of 194 stocks in the same industry do better.
OCUP is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month OCUP has a been trading in the 1.07 - 1.39 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.
The technical rating of OCUP 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
1.16
2.03
7 important resistance areas can be observed.
- A resistance zone ranging from 1.26 to 1.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.33 to 1.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.49 from a trend line in the weekly time frame.
- Resistance @1.62 from a trend line in the weekly time frame.
- Resistance @1.72 from a trend line in the daily time frame.
- Resistance @1.95 from a trend line in the daily time frame.
- Resistance @2.01 from a horizontal line in the daily 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 OCUP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OCUP is neutral. |
| ChartMill Relative Strength | 4.23 | NEGATIVE | OCUP has a low relative strength, it was outperformed by 95.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OCUP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OCUP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OCUP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.61 | NEUTRAL | The RSI value for OCUP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OCUP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.75 | NEUTRAL | The Stochastics value for OCUP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.46 | HIGH VOLATILITY | The high ATR as a percentage value for OCUP suggests high volalility. |
| Average Directional Index/ADX (14) | 13.39 | NEGATIVE | The low ADX value for OCUP 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)
1.17
-0.16 (-12.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-12.03%
1 Week-8.59%
2 Weeks-7.87%
1 Month-9.3%
3 Month-42.93%
6 Month-27.33%
12 Month-57.61%
2 Year-50.21%
3 Year-70.3%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%6.46%
ATR Inc125.5%
Range Today0.29
ADR(20)0.08
ADR(20)%6.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.23
Mansfield-5.04
10 Day High1.36
10 Day Low1.07
20 Day High1.39
20 Day Low1.07
52 Week High3.4
52 Week Low1.07
CS1 EndN/A
CR1 Start1.26
Volume & EV
DER(3)-0.85%
DER(5)-1.91%
Volume676.70K
Volume Incr144.67%
Vol(5)231.56K
Vol(50)130.43K