OYSTER POINT PHARMA INC (OYST) Stock Technical Analysis
NASDAQ:OYST - US69242L1061 - Common Stock
11.17 USD
+0.02 (+0.18%)
11.17 USD
0 (0%)
Taking everything into account, OYST scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OYST is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
OYST is part of the Biotechnology industry. There are 549 other stocks in this industry. OYST outperforms 89% 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 overall good ranking is mostly due to the recent strong move.
OYST is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OYST is lagging the market.
In the last month OYST has a been trading in a tight range between 11.04 and 11.21.
OYST has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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. Another positive sign is the recent Pocket Pivot signal.
- 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
6.82
11.44
3 important support areas can be observed.
- 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.
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. |
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)
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 trade has a worst case loss of 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.
11.17
+0.02 (+0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.18%
1 Week0%
2 Weeks0.27%
1 Month-0.27%
3 Month98.75%
6 Month152.72%
12 Month-38.83%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.63%
ATR Inc-7.54%
Range Today0.08
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.5
Mansfield4.51
10 Day High11.2
10 Day Low11.04
20 Day High11.21
20 Day Low11.04
52 Week High18.3
52 Week Low3.46
CS1 End11.13
CR1 Start11.2
Volume & EV
DER(3)-3.13%
DER(5)-1.58%
Volume2.09M
Volume Incr345.58%
Vol(5)727.96K
Vol(50)462.54K