MAGNUM OPUS ACQUISITION LT-A (OPA)

KYG5S70A1049 - Common Stock

10.795  +0.01 (+0.05%)

Technical Rating and Analysis

7

Taking everything into account, OPA scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, OPA is only an average performer.

The long and short term trends are both positive. This is looking good!
When comparing the performance of all stocks over the past year, OPA turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
OPA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OPA is lagging the market.
In the last month OPA has a been trading in a tight range between 10.73 and 11.23.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
OPA Weekly chart
OPA Daily chart
Setup Rating and Analysis

8

OPA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 10.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.78, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

9.66

11.07

2 important support areas can be observed.

  • A support zone ranging from 10.45 to 10.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 9.76 to 9.78. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 10.80 to 10.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.74
Mansfield-0.85
10 Day High10.83
10 Day Low10.79
20 Day High11.23
20 Day Low10.73
52 Week High11.23
52 Week Low10.06
Performance
1 Week-0.32%
2 Weeks-0.14%
1 Month0.51%
3 Month1.27%
6 Month3.3%
12 Month6.88%
2 Year8.38%
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)-0.01
RSI(14)51.83
LBB10.75
UBB10.9
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
10.8410.780.06 (0.55%)25.00%
An entry @10.84. This is a Buy Stop order right above the 10 day high.An exit @10.78. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.06 points, which is 0.55%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.14%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OPA Daily chart

MAGNUM OPUS ACQUISITION LT-A

NYSE:OPA (1/23/2024, 6:53:27 PM)

10.795

+0.01 (+0.05%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.05%
1 Week-0.32%
2 Weeks-0.14%
1 Month0.51%
3 Month1.27%
6 Month3.3%
12 Month6.88%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.04
ATR(20)%0.49%
ATR Inc
Range Today0.01
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 High10.83
10 Day Low10.79
20 Day High11.23
20 Day Low10.73
52 Week High11.23
52 Week Low10.06
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume414.20K
Volume Incr411.5%
Vol(5)180.84K
Vol(50)35.17K