Ohr Pharmaceutical Inc. (OHRP) Stock Technical Analysis
NASDAQ:OHRP - Nasdaq -
We assign a technical rating of 9 out of 10 to OHRP. Both in the recent history as in the last year, OHRP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month OHRP has a been trading in the 3.03 - 5.75 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, OHRP did better than 98% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
OHRP 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 OHRP is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although OHRP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.21
5.44
When analyzing the support we notice one important area.
- A support zone ranging from 3.24 to 3.27. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for OHRP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OHRP is up. |
| ChartMill Relative Strength | 98.94 | POSITIVE | OHRP has a high relative strength, it outperformed 98.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OHRP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OHRP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OHRP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.76 | OVERBOUGHT | The high RSI value suggests OHRP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests OHRP has a positive trend. |
| Stochastics (14,3) | 62.4 | NEUTRAL | The Stochastics value for OHRP is a neutral value. |
| Average True Range in percent/ATR (20) | 9.13 | HIGH VOLATILITY | The high ATR as a percentage value for OHRP suggests high volalility. |
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)
5.39
+1.25 (+30.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg30.19%
1 Week45.68%
2 Weeks50.56%
1 Month50.98%
3 Month137.45%
6 Month113.89%
12 Month28.33%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%9.13%
ATR Inc142.83%
Range Today1.77
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.94
Mansfield6.01
10 Day High5.75
10 Day Low3.03
20 Day High5.75
20 Day Low3.03
52 Week High6.28
52 Week Low1.6
CS1 End3.27
CR1 StartN/A
Volume & EV
DER(3)0.98%
DER(5)-1.23%
Volume1.58M
Volume Incr856.78%
Vol(5)727.58K
Vol(50)152.64K