Taking everything into account, OLPX scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. OLPX was also a bad performer in the overall market in the last year.
OLPX has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
1.01
We found 1 important support area.
- Support @1.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.28 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.35 to 1.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for OLPX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OLPX is up. |
| ChartMill Relative Strength | 12.19 | NEGATIVE | OLPX has a low relative strength, it was outperformed by 87.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OLPX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OLPX is above 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) | 59.79 | NEUTRAL | The RSI value for OLPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OLPX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.82 | OVERBOUGHT | The high Stochastics value suggests OLPX may be overbought. |
| Average True Range in percent/ATR (20) | 5.54 | HIGH VOLATILITY | The high ATR as a percentage value for OLPX suggests high volalility. |
| Average Directional Index/ADX (14) | 29.97 | POSITIVE | The high ADX value value for OLPX suggests a strong trend. |
1.27
-0.04 (-3.05%)
OLAPLEX HOLDINGS INC / OLPX FAQ
What is the technical rating for OLPX stock?
ChartMill assigns a technical rating of 4 / 10 to OLPX.
What is the current trend direction of OLAPLEX HOLDINGS INC (OLPX) stock?
The current trend direction for OLAPLEX HOLDINGS INC (OLPX) is Bearish.
What is the RSI signal for OLAPLEX HOLDINGS INC (OLPX) stock?
OLAPLEX HOLDINGS INC (OLPX) has an RSI value of 59.7892. This indicates that the stock is currently neutral.
Can you provide the short term momentum for OLAPLEX HOLDINGS INC?
The short term momentum for OLAPLEX HOLDINGS INC (OLPX) is positive.