We assign a technical rating of 1 out of 10 to OP. OP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of OP is bad and it also does not present a 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
1.26
3 important support areas can be observed.
- A support zone ranging from 1.36 to 1.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.30 from a trend line in the daily time frame.
- Support @1.27 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.45 to 1.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.10 from a trend line in the daily 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 OP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OP is down. |
| ChartMill Relative Strength | 1.63 | NEGATIVE | OP has a low relative strength, it was outperformed by 98.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.59 | NEUTRAL | The RSI value for OP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OP has a positive trend. |
| Stochastics (14,3) | 12.79 | OVERSOLD | The low Stochastics value suggests OP may be oversold. |
| Average True Range in percent/ATR (20) | 13.27 | HIGH VOLATILITY | The high ATR as a percentage value for OP suggests high volalility. |
| Average Directional Index/ADX (14) | 10.91 | NEGATIVE | The low ADX value for OP suggests a weak or negative trend. |
1.38
+0.1 (+7.81%)
OCEANPAL INC / OP FAQ
Can you provide the ChartMill technical rating for OCEANPAL INC?
ChartMill assigns a technical rating of 1 / 10 to OP.
What is the trend direction for OP stock?
The current trend direction for OCEANPAL INC (OP) is Bearish.
What is the RSI signal for OCEANPAL INC (OP) stock?
OCEANPAL INC (OP) has an RSI value of 43.5882. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for OCEANPAL INC?
The buy/sell signal for OCEANPAL INC (OP) is sell as both the short term and long term trends are negative.
What is the support and resistance level for OP stock?
OCEANPAL INC (OP) has a support level at 1.37 and a resistance level at 1.45. Check the full technical report for our detailed analysis of OP support and resistance levels.