Oculus stock prediction

**Oculus Therapeutix's Short-term Outlook is Bearish** 1. **Technical Indicators Suggest Bearish Trend**: The MACD for OCUL is -0.12, indicating a bearish momentum. The RSI is 58.59, suggesting the stock is neither overbought nor oversold, but the KDJ is at 68.33, which could indicate an overbought condition if combined with other factors. 2. **Moving Averages Show Weakness**: The stock's 5-Day Moving Average is $8.02, which is below the 10-Day Moving Average of $8.08 and the 20-Day Moving Average of $8.09. This indicates a short-term downward trend. |Ticker|Name|Date|RSI|KDJ|MACD|code|market_code| |---|---|---|---|---|---|---|---| |OCUL.O|Ocular Therapeutix|20240809|58.5882|68.3332|-0.1236|OCUL|185| 3. **Bollinger Bands Point to Volatility**: The Bollinger Band values show a mid-value of $8.09, a lower value of $7.53, and an upper value of $8.65. The lower band is close to the closing price, which could imply a potential for price movement towards the upper band. |Ticker|Name|Date|Boll(Upper Value)|Boll(Lower Value)|Boll(Mid Value)|code|market_code| |---|---|---|---|---|---|---|---| |OCUL.O|Ocular Therapeutix|20240809|8.6523|7.5277|8.0900|OCUL|185| 4. **Analyst Price Target and Forecast Price**: The average price target from analysts is $14.33, which is significantly higher than the current closing price of $8.34. This suggests room for growth based on analyst expectations. However, the forecast prices for the next 20 trading days show a slight increase to $8.4, but this is followed by a gradual decline over the next few months. |code|stock code|stock name|Estimate EPS[20240630]|market_code| |---|---|---|---|---| |BRK.A|BRK.A.N|Berkshire Hathaway A|6463.97|169| |KSPI|KSPI.O|Joint Stock|1303.39|185| |NVR|NVR.N|NVR|121.21|169| |FCNCA|FCNCA.O|First Citizens Bancshares|44.78|185| |BKNG|BKNG.O|Booking Holdings|38.37|185| |AZO|AZO.N|Autozone|28.44|169| |ENIC|ENIC.N|Enel Chile|28.43|169| |MKL|MKL.N|Markel Group|21.3|169| |EG|EG.N|Everest Group|16.59|169| |ORLY|ORLY.O|O'Reilly Automotive|10.99|185| 5. **Short-term Trend Forecast**: The short-term trend forecast for OCUL is bearish. This is consistent with the other technical indicators that suggest a downward movement in the short term. In conclusion, while the analyst price target and forecast price suggest potential for growth, the current technical indicators and short-term trend forecast indicate a bearish outlook for Oculus Therapeutix in the short term.