OCEANPAL INC (OP) Stock Technical Analysis
USA - NASDAQ:OP - MHY6430L3019 - Common Stock
Taking everything into account, OP scores 0 out of 10 in our technical rating. OP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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
When analyzing the support we notice one important area.
- Support @1.27 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.41 to 1.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.13 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 | 1.05 | NEGATIVE | OP has a low relative strength, it was outperformed by 98.95% 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) | DOWN | NEGATIVE | The current price of OP is below a declining 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) | 42.94 | NEUTRAL | The RSI value for OP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests OP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.43 | OVERSOLD | The low Stochastics value suggests OP may be oversold. |
| Average True Range in percent/ATR (20) | 18.15 | HIGH VOLATILITY | The high ATR as a percentage value for OP suggests high volalility. |
| Average Directional Index/ADX (14) | 12.7 | NEGATIVE | The low ADX value for OP suggests a weak or negative trend. |
1.4
+0.13 (+10.24%)
OCEANPAL INC / OP FAQ
Can you provide the ChartMill technical rating for OCEANPAL INC?
ChartMill assigns a technical rating of 0 / 10 to OP.
What is the current trend direction of OCEANPAL INC (OP) stock?
The current trend direction for OCEANPAL INC (OP) is Bearish.
Can you provide the RSI signal for OCEANPAL INC?
OCEANPAL INC (OP) has an RSI value of 42.9414. This indicates that the stock is currently neutral.
What is the MACD signal for OP stock?
The MACD indicator for OCEANPAL INC (OP) has a value of -0.0216046, indicating a bearish trend.
What is the buy/sell signal for OCEANPAL INC (OP) stock?
The buy/sell signal for OCEANPAL INC (OP) is sell as both the short term and long term trends are negative.