OVID THERAPEUTICS INC (OVID) Stock Technical Analysis
NASDAQ:OVID - Nasdaq - US6904691010 - Common Stock - Currency: USD
Taking everything into account, OVID scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. OVID was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, OVID is a bad performer in the overall market: 83% of all stocks are doing better.
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.
In the last month OVID has a been trading in the 0.27 - 0.46 range, which is quite wide. It is currently trading near the high of this range.
OVID has an average volume of 1037960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
OVID is part of the Biotechnology industry. There are 560 other stocks in this industry, OVID did better than 51% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
OVID has an average technical rating and it also 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
0.29
0.45
We found 1 important support area.
- A support zone ranging from 0.29 to 0.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.45 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 OVID is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OVID is up. |
| ChartMill Relative Strength | 17.05 | NEGATIVE | OVID has a low relative strength, it was outperformed by 82.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OVID is above 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) | 63.03 | NEUTRAL | The RSI value for OVID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OVID has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.09 | NEUTRAL | The Stochastics value for OVID is a neutral value. |
| Average True Range in percent/ATR (20) | 8.21 | HIGH VOLATILITY | The high ATR as a percentage value for OVID suggests high volalility. |
| Average Directional Index/ADX (14) | 27.42 | 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)
0.405
-0.01 (-3.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.34%
1 Week19.68%
2 Weeks18.08%
1 Month27.04%
3 Month44.64%
6 Month-50.65%
12 Month-57.52%
2 Year-88.72%
3 Year-80.24%
5 Year-93.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%8.21%
ATR Inc18.97%
Range Today0.05
ADR(20)0.03
ADR(20)%7.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.05
Mansfield-5.03
10 Day High0.46
10 Day Low0.3
20 Day High0.46
20 Day Low0.27
52 Week High1.47
52 Week Low0.24
CS1 End0.29
CR1 Start0.45
Volume & EV
DER(3)-7.85%
DER(5)0%
Volume628.40K
Volume Incr-22.72%
Vol(5)1.24M
Vol(50)1.04M