OUTLOOK THERAPEUTICS INC (OTLK) Stock Technical Analysis
USA - NASDAQ:OTLK - US69012T3059 - Common Stock
We assign a technical rating of 1 out of 10 to OTLK. OTLK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
OTLK has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.39. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for OTLK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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1.26
When analyzing the support we notice one important area.
- A support zone ranging from 1.27 to 1.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.39 to 1.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.63 from a trend line in the weekly 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 OTLK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OTLK is neutral. |
| ChartMill Relative Strength | 2.06 | NEGATIVE | OTLK has a low relative strength, it was outperformed by 97.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OTLK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OTLK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OTLK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.09 | NEUTRAL | The RSI value for OTLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OTLK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.72 | NEUTRAL | The Stochastics value for OTLK is a neutral value. |
| Average True Range in percent/ATR (20) | 8.79 | HIGH VOLATILITY | The high ATR as a percentage value for OTLK suggests high volalility. |
| Average Directional Index/ADX (14) | 19.76 | NEGATIVE | The low ADX value for OTLK suggests a weak or negative trend. |
1.28
-0.05 (-3.76%)
OUTLOOK THERAPEUTICS INC / OTLK FAQ
What is the ChartMill technical rating of OUTLOOK THERAPEUTICS INC (OTLK) stock?
ChartMill assigns a technical rating of 1 / 10 to OTLK.
What is the current trend direction of OUTLOOK THERAPEUTICS INC (OTLK) stock?
The current trend direction for OUTLOOK THERAPEUTICS INC (OTLK) is Bearish.
What is the RSI signal for OUTLOOK THERAPEUTICS INC (OTLK) stock?
OUTLOOK THERAPEUTICS INC (OTLK) has an RSI value of 49.0883. This indicates that the stock is currently neutral.
What is the MACD signal for OUTLOOK THERAPEUTICS INC (OTLK) stock?
The MACD indicator for OUTLOOK THERAPEUTICS INC (OTLK) has a value of 0.00472443, indicating a bearish trend.