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(OTIC) Otonomy Inc complete technical analysis [charts+indicators] | Buy/Sell Otonomy Inc | (OTIC) share price targets

Complete technical analysis of Otonomy Inc (OTIC) by charts plus indicators, forecast predictions and share price targets for Otonomy Inc (OTIC)

Otonomy Inc trades in USA in Health Care sector.

10 day averaged volume of Otonomy Inc is 10995500

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Dec 2022	0.07	0.07	0.10	0.07	1.274 times
21 Wed Dec 2022	0.09	0.08	0.09	0.08	0.725 times
20 Tue Dec 2022	0.09	0.13	0.13	0.09	2.113 times
19 Mon Dec 2022	0.11	0.12	0.13	0.11	1.364 times
16 Fri Dec 2022	0.09	0.12	0.13	0.09	0.665 times
15 Thu Dec 2022	0.12	0.12	0.12	0.11	0.506 times
14 Wed Dec 2022	0.12	0.12	0.15	0.12	1.049 times
13 Tue Dec 2022	0.12	0.12	0.13	0.12	0.473 times
12 Mon Dec 2022	0.13	0.13	0.13	0.13	0.398 times
09 Fri Dec 2022	0.14	0.13	0.16	0.13	0.782 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.1, but if it comes above 0.1, then a intra day buy could be more profitable.
If you take a sell trade below 0.1, then use 0.1 as stoploss and 0.1 as target. However if you take a buy trade in stock , then use 0.1 as stoploss and 0.13 as target.

Share price targets for Otonomy Inc (OTIC)

Target Type	Value
Downside Target	0.07
Upside Target	0.08
Upside Target	0.09
Upside Target	0.11
Upside Target	0.13
Upside Target	0.14
Upside Target	0.15
Upside Target	0.17
Upside Target	0.21
Upside Target	0.24
Upside Target	0.25
Upside Target	0.31
Upside Target	0.33
Upside Target	0.39
Upside Target	0.52

Intraday share price targets for Otonomy Inc (OTIC)

Target Type	Value
Downside Intraday Target	0.05
Downside Intraday Target	0.03
Upside Intraday Target	0.11
Upside Intraday Target	0.15
Upside Intraday Target	0.09

Weekly technical analysis of Otonomy Inc (OTIC)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Dec 2022	0.07	0.12	0.13	0.07	1.772 times
16 Fri Dec 2022	0.09	0.13	0.15	0.09	0.585 times
09 Fri Dec 2022	0.14	0.15	0.17	0.11	0.106 times
02 Fri Dec 2022	0.14	0.11	0.33	0.09	16.404 times
25 Fri Nov 2022	0.11	0.09	0.14	0.08	0.641 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Otonomy Inc (OTIC)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Dec 2022	0.07	0.18	0.21	0.07	0.362 times
30 Wed Nov 2022	0.18	0.11	0.33	0.07	12.036 times
31 Mon Oct 2022	0.10	0.27	0.31	0.09	6.224 times
30 Fri Sep 2022	0.30	0.34	0.39	0.25	0.08 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Otonomy Inc (OTIC)

Price action analysis of Otonomy Inc ( (OTIC) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Otonomy Inc ( (OTIC) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Otonomy Inc ( (OTIC) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Otonomy Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Otonomy Inc in short term and the sell signal is strong.

Otonomy Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Otonomy Inc in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Otonomy Inc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.1 and Otonomy Inc (OTIC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Otonomy Inc (OTIC) stock. Volume based technical analysis of Otonomy Inc (OTIC) stock is negative.

Otonomy Inc Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.