OYSTER POINT PHARMA INC (OYST) Technical Analysis
NASDAQ:OYST • US69242L1061
Current stock price
OYST Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to OYST. Both in the recent history as in the last year, OYST has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- OYST is part of the Biotechnology industry. There are 517 other stocks in this industry. OYST outperforms 82% of them.
- OYST is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, OYST did better than 95% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- OYST is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OYST is lagging the market slightly.
- In the last month OYST has a been trading in a tight range between 11.04 and 11.21.
OYST Weekly and Daily overview Charts
OYST Setup Rating and Analysis
OYST has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.13, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
OYST Support and Resistance Analysis
6.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.07 to 11.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.30 to 7.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.89 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.20 to 11.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
OYST 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 OYST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OYST is up. |
| ChartMill Relative Strength | 95.5 | POSITIVE | OYST has a high relative strength, it outperformed 95.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OYST is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OYST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OYST is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.49 | NEUTRAL | The RSI value for OYST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests OYST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.08 | NEUTRAL | The Stochastics value for OYST is a neutral value. |
| Average True Range in percent/ATR (20) | 0.63 | LOW VOLATILITY | The low ATR as a percentage value for OYST suggests low volalility. |
| Average Directional Index/ADX (14) | 46.78 | POSITIVE | The high ADX value value for OYST suggests a strong trend. |
OYST Chart- and CandleStick Pattern Analysis
OYST Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.21 | 11.06 | 0.15 (1.34%) | 25.00% |
| An entry @11.21. This is a Buy Stop order right above the 10 day high. | An exit @11.06. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.15 points, which is 1.34%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.33%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OYST Technicals: Chart, Performance Metrics, Trend & Indicators
11.17
+0.02 (+0.18%)
OYSTER POINT PHARMA INC / OYST TA FAQ
What is the ChartMill technical rating of OYSTER POINT PHARMA INC (OYST) stock?
ChartMill assigns a technical rating of 7 / 10 to OYST.
What is the trend direction for OYST stock?
The current trend direction for OYSTER POINT PHARMA INC (OYST) is Bullish.
Can you provide the RSI signal for OYSTER POINT PHARMA INC?
OYSTER POINT PHARMA INC (OYST) has an RSI value of 65.4932. This indicates that the stock is currently neutral.
What is the buy/sell signal for OYST stock?
The buy/sell signal for OYSTER POINT PHARMA INC (OYST) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for OYSTER POINT PHARMA INC (OYST) stock?
OYSTER POINT PHARMA INC (OYST) has a support level at 11.13 and a resistance level at 11.2. Check the full technical report for our detailed analysis of OYST support and resistance levels.