Outlook Therapeutics Inc Inc. (OTLK) Price Performance: A Technical Analysis Perspective

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Until today this year the stock’s price performance recorded an increase of 5.10%. However, over the last six months, the performance has been stronger by -74.28%. The price of OTLK increased 8.97% over the last 30 days. And in the last five days, it has surged by 13.70%.

Outlook Therapeutics Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $2.03 on 06/06/23, and the lowest price during that time was $0.20, recorded on 09/08/23.

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52-week price history of OTLK Stock

The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Outlook Therapeutics Inc’s current trading price is -79.60% away from its 52-week high, while its distance from the 52-week low is 106.84%. The stock’s price range for this period has been between $0.20 and $2.03. The Healthcare sector company’s shares saw a trading volume of about 2.08 for the day, which was higher than the average daily volume of 0.52 over the last three months.

The Connection Between Financial Performance and Market Capitalization

Outlook Therapeutics Inc (OTLK) has experienced a quarterly decline of -17.18% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 107.77M.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3955, with a change in price of +0.2018. Similarly, Outlook Therapeutics Inc recorded 5,513,744 in trading volume during the last 100 days, posting a change of +95.05%.

OTLK Stock Stochastic Average

As of today, the raw stochastic average of Outlook Therapeutics Inc over the past 50 days is 58.86%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 72.81%. Additionally, the Stochastic %K and %D values for the company were 80.94% and 70.98%, respectively, over the past 20 days.

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