OKYO PHARMA LTD (OKYO) Stock Technical Analysis
USA - NASDAQ:OKYO - GG00BMFG5F62 - Common Stock
Taking everything into account, OKYO scores 5 out of 10 in our technical rating. Although OKYO 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.
Although the technical rating is only medium, OKYO does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
1.96
We found 2 important support areas.
- A support zone ranging from 2.17 to 2.20. 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 1.98 to 2.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- Resistance @2.44 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 | NEUTRAL | NEUTRAL | The long term trend for OKYO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OKYO is neutral. |
| ChartMill Relative Strength | 89.26 | POSITIVE | OKYO has a high relative strength, it outperformed 89.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OKYO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OKYO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OKYO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.27 | NEUTRAL | The RSI value for OKYO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests OKYO has a positive trend. |
| Stochastics (14,3) | 64.69 | NEUTRAL | The Stochastics value for OKYO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.61 | HIGH VOLATILITY | The high ATR as a percentage value for OKYO suggests high volalility. |
| Average Directional Index/ADX (14) | 16.42 | NEGATIVE | The low ADX value for OKYO suggests a weak or negative trend. |
2.39
+0.15 (+6.7%)
OKYO PHARMA LTD / OKYO FAQ
What is the ChartMill technical rating of OKYO PHARMA LTD (OKYO) stock?
ChartMill assigns a technical rating of 5 / 10 to OKYO.
Can you provide the trend direction for OKYO PHARMA LTD?
The current trend direction for OKYO PHARMA LTD (OKYO) is Bearish.
Can you provide the RSI signal for OKYO PHARMA LTD?
OKYO PHARMA LTD (OKYO) has an RSI value of 58.2706. This indicates that the stock is currently neutral.
What is the short term momentum for OKYO stock?
The short term momentum for OKYO PHARMA LTD (OKYO) is neutral.