OUTLOOK THERAPEUTICS INC (OTLK) Stock Technical Analysis
NASDAQ:OTLK - Nasdaq - US69012T3059 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to OTLK. In the past year, OTLK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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: 92% of all stocks are doing better.
OTLK is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so OTLK is lagging the market.
OTLK is part of the Biotechnology industry. There are 557 other stocks in this industry, OTLK did better than 40% of them.
In the last month OTLK has a been trading in the 1.47 - 1.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OTLK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
1.66
2.08
When analyzing the support we notice one important area.
- A support zone ranging from 1.68 to 1.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.82 from a trend line in the daily time frame.
- A resistance zone ranging from 1.91 to 1.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.06 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 | 8.49 | NEGATIVE | OTLK has a low relative strength, it was outperformed by 91.51% 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) | 47.96 | 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) | 16.96 | OVERSOLD | The low Stochastics value suggests OTLK may be oversold. |
| Average True Range in percent/ATR (20) | 7.68 | HIGH VOLATILITY | The high ATR as a percentage value for OTLK suggests high volalility. |
| Average Directional Index/ADX (14) | 20.78 | NEUTRAL | The ADX value for OTLK suggests a possible start of a new 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)
1.705
+0.03 (+1.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.49%
1 Week-7.34%
2 Weeks-8.82%
1 Month4.6%
3 Month12.91%
6 Month18.4%
12 Month-77.65%
2 Year-95.1%
3 Year-91.64%
5 Year-93.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%7.68%
ATR Inc-42.33%
Range Today0.07
ADR(20)0.13
ADR(20)%7.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.49
Mansfield-5.74
10 Day High1.95
10 Day Low1.65
20 Day High1.97
20 Day Low1.47
52 Week High9.25
52 Week Low0.87
CS1 End1.7
CR1 Start1.82
Volume & EV
DER(3)-0.3%
DER(5)-3.73%
Volume354.20K
Volume Incr-52.09%
Vol(5)411.10K
Vol(50)582.54K