OCEANPAL INC (OP) Stock Technical Analysis
NASDAQ:OP - Nasdaq - MHY6430L2029 - Common Stock - Currency: USD
Overall OP gets a technical rating of 7 out of 10. In the last year, OP was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
OP is part of the Marine Transportation industry. There are 32 other stocks in this industry. OP outperforms 100% of them.
A new 52 week high is currently being made by OP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month OP has a been trading in the 0.68 - 3.17 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
OP has an average volume of 2823710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that OP is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although OP has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.30
2.34
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 OP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OP is neutral. |
| ChartMill Relative Strength | 97.13 | POSITIVE | OP has a high relative strength, it outperformed 97.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 94.01 | OVERBOUGHT | The high RSI value suggests OP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests OP has a positive trend. |
| Stochastics (14,3) | 54.58 | NEUTRAL | The Stochastics value for OP is a neutral value. |
| Average True Range in percent/ATR (20) | 7.6 | HIGH VOLATILITY | The high ATR as a percentage value for OP suggests high volalility. |
| Average Directional Index/ADX (14) | 26.29 | POSITIVE | The high ADX value value for OP suggests a strong 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)
2.32
+0.71 (+44.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg44.1%
1 Week226.76%
2 Weeks205.3%
1 Month182.96%
3 Month153.83%
6 Month112.84%
12 Month23.4%
2 Year41.46%
3 Year-97.59%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%7.6%
ATR Inc3720.73%
Range Today1.25
ADR(20)0.16
ADR(20)%6.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.13
Mansfield6.75
10 Day High3.17
10 Day Low0.68
20 Day High3.17
20 Day Low0.68
52 Week High3.17
52 Week Low0.63
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)1.45%
DER(5)-5.62%
Volume59.91M
Volume Incr164218.78%
Vol(5)28.04M
Vol(50)2.82M