OPAL FUELS INC-A (OPAL) Technical Analysis
NASDAQ:OPAL • US68347P1030
Current stock price
OPAL Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to OPAL. OPAL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 74% of all other stocks performed better in the past year than OPAL.
- OPAL is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 85% 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.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- 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.
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.
- Strong support @2.01 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- 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 @2.91 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 | DOWN | NEGATIVE | The long term trend for OPAL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OPAL is neutral. |
| ChartMill Relative Strength | 26.09 | NEGATIVE | OPAL has a low relative strength, it was outperformed by 73.91% off all stocks 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) | 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) | 45.05 | NEUTRAL | The RSI value for OPAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OPAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 16.06 | OVERSOLD | The low Stochastics value suggests OPAL may be oversold. |
| Average True Range in percent/ATR (20) | 8.42 | HIGH VOLATILITY | The high ATR as a percentage value for OPAL suggests high volalility. |
| Average Directional Index/ADX (14) | 17.72 | 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
2.08
+0.02 (+0.97%)
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 1 / 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 45.0501. 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 0.0046333, indicating a bearish trend.
What is the support and resistance level for OPAL stock?
OPAL FUELS INC-A (OPAL) has a support level at 2.05 and a resistance level at 2.7. Check the full technical report for our detailed analysis of OPAL support and resistance levels.