We assign a technical rating of 7 out of 10 to OTLK. Although OTLK has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Although OTLK has an excellent technical rating, it 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
1.27
When analyzing the support we can see 2 important areas.
- Support @1.60 from a horizontal line in the daily time frame.
- Support @1.28 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.86 to 1.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.96 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 | 93.18 | POSITIVE | OTLK has a high relative strength, it outperformed 93.18% off all stocks 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) | UP | POSITIVE | The current price of OTLK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.34 | NEUTRAL | The RSI value for OTLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OTLK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.39 | NEUTRAL | The Stochastics value for OTLK is a neutral value. |
| Average True Range in percent/ATR (20) | 10.16 | HIGH VOLATILITY | The high ATR as a percentage value for OTLK suggests high volalility. |
| Average Directional Index/ADX (14) | 33.86 | POSITIVE | The high ADX value value for OTLK suggests a strong trend. |
1.79
+0.11 (+6.55%)
OUTLOOK THERAPEUTICS INC / OTLK FAQ
What is the ChartMill technical rating of OUTLOOK THERAPEUTICS INC (OTLK) stock?
ChartMill assigns a technical rating of 7 / 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 61.3406. 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 0.014359, indicating a bearish trend.