Ocular Therapeutix Technical Analysis (NASDAQ:OCUL)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Ocular Therapeutix stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the OCUL stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Ocular Therapeutix. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Ocular Therapeutix stock analysis.
Ocular Therapeutix Moving Average
Moving averages show the average price of OCUL stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $6.51 is above the last closing price of $6.28 and the 50 day moving average of $6.2 is below the last closing price of $6.28. The 10 and 20 day periods can predict short term moving average trends.
Ocular Therapeutix Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the OCUL stock. Currently the stock price of $6.28 is in the lower range of Ocular Therapeutix bollinger bands.
Ocular Therapeutix Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Ocular Therapeutix MACD indicator can be used to identify bullish and bearish trends for the stock.
Ocular Therapeutix Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of OCUL stock is 47.59.