Overall OPAL gets a technical rating of 4 out of 10. In the last year, OPAL was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
OPAL has an average technical rating and the quality of the presented setup is also not ideal at the moment. Prices have been consolidating lately.
2.03
3 important support areas can be observed.
We can see 4 important resistance areas.
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 OPAL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OPAL is neutral. |
| ChartMill Relative Strength | 31.21 | NEUTRAL | OPAL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OPAL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OPAL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OPAL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.11 | NEUTRAL | The RSI value for OPAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OPAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.52 | NEUTRAL | The Stochastics value for OPAL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.47 | HIGH VOLATILITY | The high ATR as a percentage value for OPAL suggests high volalility. |
| Average Directional Index/ADX (14) | 13.99 | NEGATIVE | The low ADX value for OPAL suggests a weak or negative trend. |
2.41
+0.25 (+11.57%)
ChartMill assigns a technical rating of 4 / 10 to OPAL.
The current trend direction for OPAL FUELS INC-A (OPAL) is Bearish.
OPAL FUELS INC-A (OPAL) has an RSI value of 50.1072. This indicates that the stock is currently neutral.
The MACD indicator for OPAL FUELS INC-A (OPAL) has a value of -0.027165, indicating a bearish trend.
OPAL FUELS INC-A (OPAL) has a support level at 2.2 and a resistance level at 2.41. Check the full technical report for our detailed analysis of OPAL support and resistance levels.