OVID THERAPEUTICS INC (OVID) Technical Analysis
NASDAQ:OVID • US6904691010
Current stock price
OVID Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to OVID. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OVID is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that OVID is one of the better performing stocks in the market, outperforming 99% of all stocks.
- OVID is part of the Biotechnology industry. There are 517 other stocks in this industry. OVID outperforms 97% of them.
- OVID is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OVID is lagging the market slightly.
- In the last month OVID has a been trading in the 1.89 - 3.10 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- OVID has an average volume of 3131230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
OVID Weekly and Daily overview Charts
OVID Setup Rating and Analysis
Although OVID 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
OVID Support and Resistance Analysis
1.48
We found 3 important support areas.
- Support @2.29 from a trend line in the daily time frame.
- A support zone ranging from 1.67 to 1.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.49 from a trend line in the weekly time frame.
OVID Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for OVID is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OVID is up. |
| ChartMill Relative Strength | 99.54 | POSITIVE | OVID has a high relative strength, it outperformed 99.54% 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) | UP | POSITIVE | The current price of OVID is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.48 | NEUTRAL | The RSI value for OVID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OVID has a positive trend. |
| Stochastics (14,3) | 76.47 | NEUTRAL | The Stochastics value for OVID is a neutral value. |
| Average True Range in percent/ATR (20) | 8.57 | HIGH VOLATILITY | The high ATR as a percentage value for OVID suggests high volalility. |
| Average Directional Index/ADX (14) | 37.17 | POSITIVE | The high ADX value value for OVID suggests a strong trend. |
OVID Chart- and CandleStick Pattern Analysis
OVID Technicals: Chart, Performance Metrics, Trend & Indicators
2.75
-0.13 (-4.51%)
OVID THERAPEUTICS INC / OVID TA FAQ
Can you provide the ChartMill technical rating for OVID THERAPEUTICS INC?
ChartMill assigns a technical rating of 10 / 10 to OVID.
What is the current trend direction of OVID THERAPEUTICS INC (OVID) stock?
The current trend direction for OVID THERAPEUTICS INC (OVID) is Bullish.
What is the RSI signal for OVID THERAPEUTICS INC (OVID) stock?
OVID THERAPEUTICS INC (OVID) has an RSI value of 66.4795. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OVID THERAPEUTICS INC?
The MACD indicator for OVID THERAPEUTICS INC (OVID) has a value of 0.0316032, indicating a bearish trend.
What is the buy/sell signal for OVID THERAPEUTICS INC (OVID) stock?
The buy/sell signal for OVID THERAPEUTICS INC (OVID) is buy as both the short term and long term trends are positive.