Ocuphire Pharma Stock Technical Analysis

OCUPDelisted Stock  USD 1.13  0.06  5.04%   
As of the 3rd of December, Ocuphire Pharma holds the Variance of 19.94, coefficient of variation of (595.44), and Risk Adjusted Performance of (0.12). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ocuphire Pharma, as well as the relationship between them.

Ocuphire Pharma Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ocuphire, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Ocuphire
  
Ocuphire Pharma's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Ocuphire Pharma technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted stock market cycles, or different charting patterns.
A focus of Ocuphire Pharma technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ocuphire Pharma trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Ocuphire Pharma Technical Analysis

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Ocuphire Pharma Trend Analysis

Use this graph to draw trend lines for Ocuphire Pharma. You can use it to identify possible trend reversals for Ocuphire Pharma as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Ocuphire Pharma price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Ocuphire Pharma Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Ocuphire Pharma applied against its price change over selected period. The best fit line has a slop of   0.0054  , which may suggest that Ocuphire Pharma market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.09, which is the sum of squared deviations for the predicted Ocuphire Pharma price change compared to its average price change.

About Ocuphire Pharma Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Ocuphire Pharma on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Ocuphire Pharma based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ocuphire Pharma price pattern first instead of the macroeconomic environment surrounding Ocuphire Pharma. By analyzing Ocuphire Pharma's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Ocuphire Pharma's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Ocuphire Pharma specific price patterns or momentum indicators. Please read more on our technical analysis page.

Ocuphire Pharma December 3, 2024 Technical Indicators

Most technical analysis of Ocuphire help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ocuphire from various momentum indicators to cycle indicators. When you analyze Ocuphire charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
You can also try the Stocks Directory module to find actively traded stocks across global markets.

Other Consideration for investing in Ocuphire Stock

If you are still planning to invest in Ocuphire Pharma check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ocuphire Pharma's history and understand the potential risks before investing.
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