OVID THERAPEUTICS INC (OVID) Stock Technical Analysis
NASDAQ:OVID - Nasdaq - US6904691010 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to OVID. In the last year, OVID was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
OVID is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
OVID is part of the Biotechnology industry. There are 551 other stocks in this industry. OVID outperforms 72% of them.
OVID has an average volume of 1818310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that OVID is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month OVID has a been trading in the 0.36 - 0.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, OVID also presents 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
0.30
0.71
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.49 to 0.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.45 from a trend line in the daily time frame.
- Support @0.30 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @0.65 from a trend line in the daily time frame.
- Resistance @0.70 from a trend 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 OVID is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OVID is up. |
| ChartMill Relative Strength | 76.7 | POSITIVE | OVID has a high relative strength, it outperformed 76.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OVID is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OVID is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OVID is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.82 | NEUTRAL | The RSI value for OVID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OVID has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.34 | OVERSOLD | The low Stochastics value suggests OVID may be oversold. |
| Average True Range in percent/ATR (20) | 12.7 | HIGH VOLATILITY | The high ATR as a percentage value for OVID suggests high volalility. |
| Average Directional Index/ADX (14) | 27.28 | POSITIVE | The high ADX value value for OVID 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)
0.5149
+0 (+0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.66%
1 Week2.98%
2 Weeks-16.75%
1 Month27.14%
3 Month77.49%
6 Month-23.15%
12 Month-42.51%
2 Year-84.7%
3 Year-74.38%
5 Year-91.03%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%12.7%
ATR Inc-60.73%
Range Today0.04
ADR(20)0.06
ADR(20)%12.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.7
Mansfield-3.45
10 Day High0.63
10 Day Low0.48
20 Day High0.73
20 Day Low0.36
52 Week High1.47
52 Week Low0.24
CS1 End0.49
CR1 Start0.65
Volume & EV
DER(3)0.63%
DER(5)0.74%
Volume384.60K
Volume Incr-81.61%
Vol(5)468.86K
Vol(50)1.82M