$OTRK potential ideanot financial advice - risk to reward good - keep tight stop loss as gap fill down below it. Potential upside gap fill. Not in but on watchlist.
OTRK trade ideas
$OTRKHuge volume day on the daily chart.
Massive down trend. Could be a signal of a reversal starting.
Classic bullish divergence confirmed on the weekly MACD.
Gap to fill @ $ 20.57.
Stop = Under $10
Target = $20.22 (Gap fill)
Stage Analysis Set Up - Text BookThis one is clean! Jus wait for it to break out of the Stage 1 zone and over the 30 WK Ma. Good Luck!
OTRK LongLooks pretty good on weekly and daily, climbing up after finding the swing low. Above most lower moving averages. The short interest doesn't really bother me as I still believe overall the risk reward is so good here people will take their positions.
Ontrak seems not to want to forget the prices of the pastThe company Ontrak has always proved to be an excellent partner for care centers, unfortunately in recent months one of their major customers has decided to abandon the contract with the company Ontrak.
This has led to a rapid decline in prices, but the company is proving to have a good basis to start again, the technology they produce is essentially unique and at the top of the category.
Currently Ontrak comes defined 'heavy undervalued' in the sites of reference that I use for the fundamental analysis that is the price of the action turns out to be 85.4% under to the just value.
Maybe that’s why many big investors are coming back to invest in Ontrak, I find the indicator Miracle Viewer that detects the flows of money categorizing them by type of players.
And that’s why the Market miracle advisor gave an input signal on Ontrak at the price of 31.19 usd and a target of 35.98 usd or with a possible profit of 15.37%
Analyzing the diagram is clear as it is drawing a reversal to U slightly in climb that testifies the strong pressure of purchase on the Stock.
Looking at the cyclical nature of the big players I expect that in the coming weeks or at most within the next month the purchase pressure increases further, so I venture to make a further forecast for a second possible target.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
Ontrak looking very compressed with a big gap to fill.Just one for interest. I found it on a site that lists the top most shorted stocks and OTRK sites at around 40% short interest.
I'm wondering if there might be a short squeeze about to play out.
Bollingers are crazy compressed and there is a big 80% gap so even a small rise could be interesting.
A stop order perhaps around the $35 to $36 mark could be an interesting way to keep an eye on it.
I haven't tried to play one like this before, so keen to see what happens.
Possible Short Squeeze? Float = 7.53M
Short Stocks = 3.26M
past 7 day trade volume average = 667k
Short Interest = 43.29%
Days to Cover = 4.88
Things to consider:
1. majority of shorts may have covered.
2. price was shoved up to $40 and still didn't trigger a squeeze.
3. price climbed 80% from the bottom before dropping off again.
OTRK Gap fillLooking at the volume profile from the precipitous drop a few days ago, we can expect high volatility in this gap fill. Today it tested and broke above the gap bottom. Let's see how it plays out.
Short squeeze mini series # 30What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers bail out to cut their losses.
*Contrarian investors try to anticipate a short
squeeze and buy stocks that demonstrate a
strong short interest.
*Both short-sellers and contrarians are making
risky moves. A wise investor has additional
reasons for shorting or buying that stock.
Tips:
*** SPX'S Index is in a peak/correction mood!!!
***This could turn out to be, not a short
squeeze!! rather a crashing stock !!!
***Or my work could be just wrong !!!
OTRK - February 3, 2021OTRK can come into the golden pocket for a good buy ahead of earnings at the 70-66 range.
OTRK New Telehealth Services for Eldery, Small Upside SoonOTRK had a classic double top at the 80.00 mark setting that as resistance. Alternatively you can see a cup and handle forming on the daily starting from OCT to today. There's more, OTRK also based itself above the 90-day MA closing with a bullish engulfing candle on 1/15. Now we can chit chat a bit.
OTRK recently had an offering and raised 39 Million. When a company raises cash that means it's looking well into the future and in this case OTRK's AI driven telehealth service has it's eyes set on something new. I quote "Ontrak’s AI driven approach can help health plans identify seniors at risk for high costs from undiagnosed behavioral health conditions and who are most likely to benefit from treatment."
With this pandemic seemingly not slowing down. I see a great opportunity to help the elderly in need, keeping them safe using telehealth services, and furthering the development of AI based medical treatment.
This ticker is one of my top picks with the Dems taking charge during this term.
#OTRK is getting stronger with these nice patterns . #OTRK is getting stronger with these nice patterns . Add it to your watch-list .
Don't jump into a pattern unless you know how to trade it!
$OTRK High tight flag potential long?If the market has found its bottom, $OTRK could be at the bottom of a potential high tight flag.
With its shakeout yesterday, and its daily MACD and stochastic oversold, we could see a bounce soon
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
OTRK:NASDAQ - ONTRAK INC - AI powered healthcare up 500%Ontrak, Inc. is a leading AI and technology-enabled healthcare company. They operate in the telehealth space as well. Quite a volatile pricing chart, but with recent pullbacks could be worth a look.
More about what they do here on their home page. Looks interesting: catasys.com
Ontrak Inc’s (OTRK) 1-year return 382.8%Ontrak, Inc. operates as an artificial intelligence-powered, virtualized outpatient healthcare treatment company that provides in-person or telehealth intervention services to health plans and other third-party payors. Its Ontrak PRE (Predict-Recommend-Engage) platform predicts people whose chronic disease will improve with behaviour change, recommends care pathways that people are willing to follow, and engages people who aren’t getting the care they need. The company’s technology-enabled, OnTrak, program is designed to treat health plan members with unaddressed behavioural health conditions that cause or exacerbate chronic medical diseases, such as diabetes, hypertension, coronary artery disease, COPD, and congestive heart failure. The OnTrak integrates evidence-based psychosocial and medical interventions delivered in-person or via telehealth along with care coaching and in-market community care coordinators who address the social and environmental determinants of health. The company was formerly known as Catasys, Inc. and changed its name to Ontrak, Inc. in July 2020. The company was founded in 2003 and is headquartered in Santa Monica, California.
Currently trading at 67.79, 69.9% below fair value (fair value $224.92). Earnings are forecast to grow 72% per year and have returned 382.8% over the past year. Further upside is likely following a break above the Falling Wedge pattern (1).
OTRK going to new highs next week.Today provided a nice consolidation day closing almost even today RSI closed at 77 on the daily chart.
ONTRAK INCNASDAQ:OTRK
Guys, paper is for those who understand and know how to trade in false positives.
What's on the chart:
1. Strong level, formed by a gap + paranormal bar.
2. 25.6% movement passed without failures.
3. The approach to the level of the paranormal bar.
4. Formation of a false break-up by two bars with a bias into a long zone.
Scenario for today:
Entering with a gap from the level of 20-30 cents.
SL calculated, at 0.5% ATR.
Potential with first stop in the area of 55
OTRK Short Squeeze. Scams pump the hardest.This is obvious scam. Just look at the face of CEO Terren Peizer. He looks like Belfort lite. What do these types know? to pump.
Short interest is there, call activity there, trend there, low volume there, great management? of course it's there. Name change shows.
They changed their name from Catasys to Ontrak to distance themselves from the short report that shows this is a scam. Who cares?It's not CATS it's OTRK, it's different.
My analysis of the CEO's criminal record shows that this stock is going to the moon.
Buy some calls, if he scams the usual way you lose your premium, if he scams like he looks you'll do a 10-20x on those options. Risk is worth it. Don't be dumb, don't buy outright shares and lose everything if this goes to shit.
Disclaimer:I have been long aug 21 40 calls for a while.
TERRIFIC FRIDAY!I got the feeling of excitement for this market.
awesome market, gonna keep my eyes on this.
