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Is OVID primed for downward momentum? Fell Below 20 Day Moving Average shows up after crashing 10.94%

Ovid Therapeutics Inc. (OVID) — Nightly Technical Analysis · Sep 16, 2025, 17:34 ET
On Tuesday, September 16th, OVID moved down 10.94% while volume increased to 1.4× the usual levels. The session formed a Fell Below 20 DMA, often signaling a possible continuation. Key support levels exist at 1.08, 1.03 & 0.91, with resistance at 1.25, 1.37 & 1.42.

Current SwingTradeBot Technical Rating of OVID: D

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Ovid Therapeutics (OVID)