OUTLOOK THERAPEUTICS INC (OTLK) Stock Technical Analysis
NASDAQ:OTLK - US69012T3059 - Common Stock
2.68 USD
+0.27 (+11.2%)
2.73 USD
+0.05 (+1.87%)
Overall OTLK gets a technical rating of 6 out of 10. In the last year, OTLK was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, OTLK is a bad performer in the overall market: 61% of all stocks are doing better.
OTLK 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
OTLK has an average volume of 1272720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OTLK is part of the Biotechnology industry. There are 549 other stocks in this industry, OTLK did better than 58% of them.
In the last month OTLK has a been trading in the 1.78 - 3.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OTLK has an average technical rating and it also does not offer a high 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
1.58
2.71
When analyzing the support we can see 3 important areas.
- Support @1.95 from a trend line in the daily time frame.
- Support @1.86 from a trend line in the daily time frame.
- Support @1.60 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 OTLK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OTLK is up. |
| ChartMill Relative Strength | 39.33 | NEUTRAL | OTLK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OTLK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OTLK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OTLK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.77 | NEUTRAL | The RSI value for OTLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests OTLK has a positive trend. |
| Stochastics (14,3) | 57.41 | NEUTRAL | The Stochastics value for OTLK is a neutral value. |
| Average True Range in percent/ATR (20) | 8.35 | HIGH VOLATILITY | The high ATR as a percentage value for OTLK suggests high volalility. |
| Average Directional Index/ADX (14) | 28.12 | POSITIVE | The high ADX value value for OTLK suggests a strong 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)
2.68
+0.27 (+11.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg11.2%
1 Week14.53%
2 Weeks41.05%
1 Month31.37%
3 Month67.5%
6 Month71.79%
12 Month-64.41%
2 Year-41.23%
3 Year-88.04%
5 Year-79.7%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%8.35%
ATR Inc29.61%
Range Today0.32
ADR(20)0.21
ADR(20)%7.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.33
Mansfield-1.43
10 Day High3.02
10 Day Low1.92
20 Day High3.02
20 Day Low1.79
52 Week High8.32
52 Week Low0.87
CS1 End1.95
CR1 StartN/A
Volume & EV
DER(3)-0.15%
DER(5)-1.2%
Volume3.71M
Volume Incr235.44%
Vol(5)3.75M
Vol(50)1.27M