OCEANPAL INC (OP)
MHY6430L2029 - Common Stock
Taking everything into account, OP scores 4 out of 10 in our technical rating. In the past year, OP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, OP is a bad performer in the overall market: 80% of all stocks are doing better.
OP is part of the Marine Transportation industry. There are 29 other stocks in this industry, of which 92% are performing better than OP.
Warning: OP has an average volume of 24972 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
OP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OP is lagging the market.
In the last month OP has a been trading in the 2.33 - 2.71 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, OP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.55, a Stop Loss order could be placed below this zone.
More info and screens
1.97
3.11
We found 5 important support areas.
- A support zone ranging from 2.51 to 2.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.42 from a horizontal line in the weekly time frame.
- Support @2.35 from a horizontal line in the daily time frame.
- Support @2.03 from a trend line in the weekly time frame.
- Support @1.99 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.59 to 2.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.93 to 2.93. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @3.08 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.3
Mansfield-0.24
10 Day High2.71
10 Day Low2.38
20 Day High2.71
20 Day Low2.33
52 Week High4.54
52 Week Low1.26
Performance
1 Week-0.83%
2 Weeks1.94%
1 Month0.74%
3 Month16.3%
6 Month14.74%
12 Month-36.98%
2 Year-97.92%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)50.89
LBB2.43
UBB2.64
OCEANPAL INC
NASDAQ:OP (5/17/2024, 7:17:57 PM)
2.5587
+0.09 (+3.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg3.59%
1 Week-0.83%
2 Weeks1.94%
1 Month0.74%
3 Month16.3%
6 Month14.74%
12 Month-36.98%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.13
ATR(20)%5.36%
ATR Inc
Range Today0.15
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.71
10 Day Low2.38
20 Day High2.71
20 Day Low2.33
52 Week High4.54
52 Week Low1.26
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume16.80K
Volume Incr23.75%
Vol(5)16.70K
Vol(50)24.97K