Taking everything into account, OTLK scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, OTLK is a bad performer in the overall market: 98% of all stocks are doing better.
- OTLK is one of the lesser performing stocks in the Biotechnology industry. 87% of 524 stocks in the same industry do better.
- OTLK is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month OTLK has a been trading in the 0.38 - 0.65 range, which is quite wide. It is currently trading near the lows of this range.
- OTLK has an average volume of 6783240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
The technical rating of OTLK 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
0.43
We found 1 important resistance area.
- A resistance zone ranging from 0.44 to 0.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for OTLK is down. |
| ChartMill Relative Strength | 2.29 | NEGATIVE | OTLK has a low relative strength, it was outperformed by 97.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OTLK is below a declining 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) | 27.32 | OVERSOLD | The low RSI value suggests OTLK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests OTLK has a positive trend. |
| Stochastics (14,3) | 10.54 | OVERSOLD | The low Stochastics value suggests OTLK may be oversold. |
| Average True Range in percent/ATR (20) | 9.16 | HIGH VOLATILITY | The high ATR as a percentage value for OTLK suggests high volalility. |
| Average Directional Index/ADX (14) | 45.99 | POSITIVE | The high ADX value value for OTLK suggests a strong trend. |
0.4294
+0.04 (+10.1%)
OUTLOOK THERAPEUTICS INC / OTLK FAQ
What is the ChartMill technical rating of OUTLOOK THERAPEUTICS INC (OTLK) stock?
ChartMill assigns a technical rating of 0 / 10 to OTLK.
Can you provide the trend direction for OUTLOOK THERAPEUTICS INC?
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 27.3151. This indicates that the stock is currently oversold.
What is the short term momentum for OTLK stock?
The short term momentum for OUTLOOK THERAPEUTICS INC (OTLK) is negative.
What is the buy/sell signal for OTLK stock?
The buy/sell signal for OUTLOOK THERAPEUTICS INC (OTLK) is sell as both the short term and long term trends are negative.