OKLO INC (OKLO) Stock Technical Analysis
NYSE:OKLO • US02156V1098
We assign a technical rating of 2 out of 10 to OKLO. Although OKLO 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.
- OKLO 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.
- In the last month OKLO has a been trading in the 61.67 - 95.10 range, which is quite wide. It is currently trading near the lows of this range.
- OKLO is part of the Electric Utilities industry. There are 46 other stocks in this industry. OKLO outperforms 86% of them.
- OKLO has an average volume of 11147900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, OKLO did better than 74% of all other stocks. However, we also see that OKLO couldn't keep up this performance in the last couple of months.
- Considerably lower volume is observed in the last couple of days.
The technical rating of OKLO 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
41.17
When analyzing the support we can see 2 important areas.
- A support zone ranging from 63.56 to 63.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.59 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 67.64 to 67.80. 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 76.27 to 76.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @79.83 from a trend 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 OKLO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OKLO is down. |
| ChartMill Relative Strength | 74.92 | POSITIVE | OKLO has a high relative strength, it outperformed 74.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OKLO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OKLO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OKLO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.43 | NEUTRAL | The RSI value for OKLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests OKLO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.37 | OVERSOLD | The low Stochastics value suggests OKLO may be oversold. |
| Average True Range in percent/ATR (20) | 11.04 | HIGH VOLATILITY | The high ATR as a percentage value for OKLO suggests high volalility. |
| Average Directional Index/ADX (14) | 15.79 | NEGATIVE | The low ADX value for OKLO suggests a weak or negative trend. |
63.83
-3.81 (-5.63%)
OKLO INC / OKLO FAQ
What is the ChartMill technical rating of OKLO INC (OKLO) stock?
ChartMill assigns a technical rating of 2 / 10 to OKLO.
What is the trend direction for OKLO stock?
The current trend direction for OKLO INC (OKLO) is Bearish.
What is the RSI signal for OKLO INC (OKLO) stock?
OKLO INC (OKLO) has an RSI value of 38.4269. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OKLO INC?
The MACD indicator for OKLO INC (OKLO) has a value of -0.304504, indicating a bearish trend.
What is the short term momentum for OKLO stock?
The short term momentum for OKLO INC (OKLO) is negative.