OKYO PHARMA LTD (OKYO) Stock Technical Analysis
NASDAQ:OKYO • GG00BMFG5F62
Taking everything into account, OKYO scores 1 out of 10 in our technical rating. OKYO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- OKYO 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 OKYO has a been trading in the 1.52 - 2.28 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the performance of all stocks over the past year, OKYO turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- OKYO is part of the Biotechnology industry. There are 521 other stocks in this industry, OKYO did better than 58% of them.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, OKYO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.72. Right above this resistance zone may be a good entry point.
More info and screens
1.23
2 important support areas can be observed.
- Support @1.69 from a horizontal line in the weekly time frame.
- Support @1.24 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.72 to 1.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.60 from a trend line in the weekly time frame.
- Resistance @2.74 from a horizontal line in the weekly time frame.
- Resistance @3.06 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 OKYO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OKYO is down. |
| ChartMill Relative Strength | 67.98 | NEUTRAL | OKYO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OKYO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OKYO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OKYO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.25 | NEUTRAL | The RSI value for OKYO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OKYO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25 | NEUTRAL | The Stochastics value for OKYO is a neutral value. |
| Average True Range in percent/ATR (20) | 11.95 | HIGH VOLATILITY | The high ATR as a percentage value for OKYO suggests high volalility. |
| Average Directional Index/ADX (14) | 16.94 | NEGATIVE | The low ADX value for OKYO suggests a weak or negative trend. |
1.71
-0.01 (-0.58%)
OKYO PHARMA LTD / OKYO FAQ
What is the ChartMill technical rating of OKYO PHARMA LTD (OKYO) stock?
ChartMill assigns a technical rating of 1 / 10 to OKYO.
What is the trend direction for OKYO stock?
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 40.2459. This indicates that the stock is currently neutral.
Can you provide the short term momentum for OKYO PHARMA LTD?
The short term momentum for OKYO PHARMA LTD (OKYO) is negative.
What are the support and resistance levels for OKYO PHARMA LTD (OKYO) stock?
OKYO PHARMA LTD (OKYO) has a support level at 1.69 and a resistance level at 1.72. Check the full technical report for our detailed analysis of OKYO support and resistance levels.