OPAL FUELS INC-A (OPAL) Stock Technical Analysis
NASDAQ:OPAL - Nasdaq - US68347P1030 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to OPAL. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month OPAL has a been trading in the 2.32 - 3.40 range, which is quite wide. It is currently trading near the lows of this range.
OPAL is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry. OPAL outperforms 81% of them.
Looking at the yearly performance, OPAL did better than 79% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
OPAL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OPAL is lagging the market.
Considerably lower volume is observed in the last couple of days.
OPAL has a poor technical rating and the quality of the setup is also not perfect 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
2.39
3.92
We found 2 important support areas.
- Support @2.50 from a horizontal line in the weekly time frame.
- Support @2.41 from a horizontal line in the daily time frame.
We can see 6 important resistance areas.
- A resistance zone ranging from 2.64 to 2.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.76 to 2.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.23 from a trend line in the weekly time frame.
- Resistance @3.38 from a trend line in the weekly time frame.
- Resistance @3.75 from a trend line in the daily time frame.
- Resistance @3.88 from a horizontal 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 OPAL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OPAL is down. |
| ChartMill Relative Strength | 79.17 | POSITIVE | OPAL has a high relative strength, it outperformed 79.17% off all stocks 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) | UP | MIXED | The current price of OPAL is below the rising 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) | 41.23 | NEUTRAL | The RSI value for OPAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests OPAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.58 | NEUTRAL | The Stochastics value for OPAL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.93 | HIGH VOLATILITY | The high ATR as a percentage value for OPAL suggests high volalility. |
| Average Directional Index/ADX (14) | 21.34 | NEUTRAL | The ADX value for OPAL suggests a possible start of a new trend. |
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)
2.51
-0.03 (-1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.18%
1 Week-5.99%
2 Weeks-3.83%
1 Month-18.77%
3 Month84.56%
6 Month-23.48%
12 Month-41.9%
2 Year-67.78%
3 Year-74.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%6.93%
ATR Inc-59.52%
Range Today0.08
ADR(20)0.17
ADR(20)%6.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.17
Mansfield-2.39
10 Day High2.71
10 Day Low2.32
20 Day High3.4
20 Day Low2.32
52 Week High4.45
52 Week Low1.26
CS1 End2.5
CR1 Start2.64
Volume & EV
DER(3)-4.22%
DER(5)-5.56%
Volume126.60K
Volume Incr-61.77%
Vol(5)116.72K
Vol(50)283.88K