OUTLOOK THERAPEUTICS INC (OTLK) Stock Technical Analysis
NASDAQ:OTLK - Nasdaq - US69012T3059 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to OTLK. Recently some decent action could be observed, but in the medium term time frame this is still negative. OTLK was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, OTLK is a bad performer in the overall market: 91% of all stocks are doing better.
OTLK is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OTLK is lagging the market.
In the last month OTLK has a been trading in the 1.80 - 2.45 range, which is quite wide. It is currently trading near the lows of this range.
OTLK is part of the Biotechnology industry. There are 553 other stocks in this industry, OTLK did better than 41% of them.
OTLK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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.
More info and screens
1.58
2.39
We found 4 important support areas.
- A support zone ranging from 1.92 to 1.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.75 from a trend line in the daily time frame.
- Support @1.68 from a trend line in the daily time frame.
- Support @1.60 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.06 to 2.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.11 from a trend line in the daily time frame.
- Resistance @2.19 from a horizontal line in the weekly time frame.
- Resistance @2.37 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 | 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 | 9.71 | NEGATIVE | OTLK has a low relative strength, it was outperformed by 90.29% 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) | UP | POSITIVE | The current price of OTLK is above the rising 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) | 47.1 | NEUTRAL | The RSI value for OTLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OTLK has a negative trend. |
| Stochastics (14,3) | 14.65 | OVERSOLD | The low Stochastics value suggests OTLK may be oversold. |
| Average True Range in percent/ATR (20) | 8 | HIGH VOLATILITY | The high ATR as a percentage value for OTLK suggests high volalility. |
| Average Directional Index/ADX (14) | 25.31 | 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)
1.93
-0.03 (-1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.53%
1 Week-5.39%
2 Weeks-11.47%
1 Month8.43%
3 Month24.52%
6 Month-6.31%
12 Month-73.67%
2 Year-57.68%
3 Year-91.38%
5 Year-85.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%8%
ATR Inc-39.15%
Range Today0.1
ADR(20)0.15
ADR(20)%7.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.71
Mansfield-4.28
10 Day High2.19
10 Day Low1.86
20 Day High2.45
20 Day Low1.8
52 Week High8.32
52 Week Low0.87
CS1 End1.92
CR1 Start2.06
Volume & EV
DER(3)0.32%
DER(5)4.47%
Volume669.80K
Volume Incr-22.15%
Vol(5)769.64K
Vol(50)886.96K