OPAL FUELS INC-A (OPAL) Stock Technical Analysis
NASDAQ:OPAL - Nasdaq - US68347P1030 - Common Stock - Currency: USD
Overall OPAL gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OPAL is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
OPAL is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. OPAL outperforms 85% of them.
Looking at the yearly performance, OPAL did better than 87% 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 trading in the upper part of its 52 week range, so OPAL is lagging the market slightly.
In the last month OPAL has a been trading in the 2.41 - 4.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OPAL has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 3.16, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OPAL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.05
3.92
We found 1 important support area.
- A support zone ranging from 3.08 to 3.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- Resistance @3.24 from a horizontal line in the daily time frame.
- Resistance @3.39 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.51 to 3.56. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @3.78 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 | UP | POSITIVE | The long term trend for OPAL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPAL is up. |
| ChartMill Relative Strength | 87.41 | POSITIVE | OPAL has a high relative strength, it outperformed 87.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPAL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OPAL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.16 | NEUTRAL | The RSI value for OPAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests OPAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.39 | NEUTRAL | The Stochastics value for OPAL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.15 | HIGH VOLATILITY | The high ATR as a percentage value for OPAL suggests high volalility. |
| Average Directional Index/ADX (14) | 41.62 | POSITIVE | The high ADX value value for OPAL suggests a strong 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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.25 | 3.07 | 0.18 (5.54%) | 18.06% |
| An entry @3.25. This is a Buy Stop order right above the resistance zone. | An exit @3.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.18 points, which is 5.54%. | When investing 18.06% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of OPAL. Please evaluate whether better entry and exit points can be found.
- 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.
3.23
+0.02 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.62%
1 Week1.89%
2 Weeks-0.92%
1 Month24.71%
3 Month70%
6 Month8.03%
12 Month-24%
2 Year-56.7%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%9.15%
ATR Inc-34.61%
Range Today0.22
ADR(20)0.29
ADR(20)%8.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.41
Mansfield-0.15
10 Day High3.38
10 Day Low3
20 Day High4.08
20 Day Low2.41
52 Week High4.45
52 Week Low1.26
CS1 End3.16
CR1 Start3.24
Volume & EV
DER(3)3.4%
DER(5)-2.31%
Volume197.20K
Volume Incr-58.28%
Vol(5)134.12K
Vol(50)203.27K