OLAPLEX HOLDINGS INC (OLPX) Stock Technical Analysis
NASDAQ:OLPX - Nasdaq - US6793691089 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to OLPX. 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.
81% of all other stocks performed better in the past year 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
OLPX has an average volume of 1328080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
OLPX is an average performer in the Personal Care Products industry, it outperforms 50% of 35 stocks in the same industry.
In the last month OLPX has a been trading in the 1.18 - 1.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, OLPX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.33, a Stop Loss order could be placed below this zone.
More info and screens
1.15
2.31
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.25 to 1.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.22 from a trend line in the weekly time frame.
- A support zone ranging from 1.18 to 1.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.16 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.37 to 1.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.29 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for OLPX is up. |
| ChartMill Relative Strength | 19.11 | NEGATIVE | OLPX has a low relative strength, it was outperformed by 80.89% 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) | UP | POSITIVE | The current price of OLPX is above the rising 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) | 54.01 | NEUTRAL | The RSI value for OLPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OLPX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.67 | NEUTRAL | The Stochastics value for OLPX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for OLPX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.89 | NEGATIVE | The low ADX value for OLPX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.34
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryPersonal Care Products
Performance
% Chg0%
1 Week6.35%
2 Weeks1.52%
1 Month4.69%
3 Month0.75%
6 Month-36.19%
12 Month-25.14%
2 Year-63.98%
3 Year-90.49%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%5.22%
ATR Inc-28.03%
Range Today0.06
ADR(20)0.07
ADR(20)%5.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.11
Mansfield-2.55
10 Day High1.43
10 Day Low1.25
20 Day High1.43
20 Day Low1.18
52 Week High2.77
52 Week Low1.01
CS1 End1.33
CR1 Start1.37
Volume & EV
DER(3)-3.36%
DER(5)-0.7%
Volume576.40K
Volume Incr-54.39%
Vol(5)677.72K
Vol(50)1.33M