OLPX Technical Analysis - OLAPLEX HOLDINGS INC

Technical Rating and Analysis

Taking everything into account, OLPX scores 0 out of 10 in our technical rating. OLPX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, OLPX is a bad performer in the overall market: 94% of all stocks are doing better.

OLPX is part of the Personal Care Products industry. There are 36 other stocks in this industry, of which 68% are performing better than OLPX.

OLPX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month OLPX has a been trading in the 1.28 - 1.52 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

OLAPLEX HOLDINGS INC / OLPX Weekly stock chart

OLAPLEX HOLDINGS INC / OLPX Daily stock chart

Setup Rating and Analysis

OLPX has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.25

2.26

We found 1 important support area.

A support zone ranging from 1.26 to 1.27. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 1.39 to 1.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1.48 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @1.68 from a horizontal line in the daily time frame.
Resistance @2.24 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for OLPX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for OLPX is down.
ChartMill Relative Strength	6.43	NEGATIVE	OLPX has a low relative strength, it was outperformed by 93.57% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of OLPX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of OLPX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of OLPX is below a declining SMA(200).
Relative Strength Index/RSI (14)	38.64	NEUTRAL	The RSI value for OLPX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests OLPX has a negative trend, although the MACD value is rising.
Stochastics (14,3)	5.56	OVERSOLD	The low Stochastics value suggests OLPX may be oversold.
Average True Range in percent/ATR (20)	4.38	MEDIUM VOLATILITY	The ATR as a percentage value for OLPX suggests some volalility.
Average Directional Index/ADX (14)	13.95	NEGATIVE	The low ADX value for OLPX suggests a weak or negative trend.