OPAL FUELS INC-A (OPAL) Technical Analysis
NASDAQ:OPAL • US68347P1030
Current stock price
OPAL Technical Rating and Analysis
Overall OPAL gets a technical rating of 2 out of 10. OPAL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- OPAL is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, of which 78% are performing better than OPAL.
- In the last month OPAL has a been trading in the 1.99 - 2.85 range, which is quite wide. It is currently trading near the lows of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, OPAL turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- OPAL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OPAL is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
OPAL Weekly and Daily overview Charts
OPAL Setup Rating and Analysis
The technical rating of OPAL 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
OPAL Support and Resistance Analysis
1.99
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.05 to 2.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.01 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.70 to 2.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.78 from a horizontal line in the daily time frame.
- Resistance @2.93 from a trend line in the weekly time frame.
OPAL Technical Indicator Signal Analysis
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 | 61.42 | NEUTRAL | OPAL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OPAL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OPAL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OPAL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.32 | NEUTRAL | The RSI value for OPAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OPAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 27.91 | NEUTRAL | The Stochastics value for OPAL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.38 | HIGH VOLATILITY | The high ATR as a percentage value for OPAL suggests high volalility. |
| Average Directional Index/ADX (14) | 18.23 | NEGATIVE | The low ADX value for OPAL suggests a weak or negative trend. |
OPAL Chart- and CandleStick Pattern Analysis
OPAL Technicals: Chart, Performance Metrics, Trend & Indicators
2.06
-0.26 (-11.21%)
OPAL FUELS INC-A / OPAL TA FAQ
What is the ChartMill technical rating of OPAL FUELS INC-A (OPAL) stock?
ChartMill assigns a technical rating of 6 / 10 to OPAL.
Can you provide the trend direction for OPAL FUELS INC-A?
The current trend direction for OPAL FUELS INC-A (OPAL) is Bearish.
Can you provide the RSI signal for OPAL FUELS INC-A?
OPAL FUELS INC-A (OPAL) has an RSI value of 44.3234. This indicates that the stock is currently neutral.
What is the MACD signal for OPAL FUELS INC-A (OPAL) stock?
The MACD indicator for OPAL FUELS INC-A (OPAL) has a value of 0.0193673, indicating a bearish trend.
What is the support and resistance level for OPAL stock?
OPAL FUELS INC-A (OPAL) has a support level at 2.17 and a resistance level at 2.7. Check the full technical report for our detailed analysis of OPAL support and resistance levels.