OPAL FUELS INC-A (OPAL) Stock Technical Analysis
USA - NASDAQ:OPAL - US68347P1030 - Common Stock
Taking everything into account, OPAL scores 0 out of 10 in our technical rating. 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 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
1.99
2 important support areas can be observed.
- Support @2.08 from a horizontal line in the weekly time frame.
- Support @2.01 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @2.60 from a trend line in the daily time frame.
- Resistance @2.91 from a trend line in the weekly time frame.
- Resistance @3.21 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for OPAL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OPAL is down. |
| ChartMill Relative Strength | 11.18 | NEGATIVE | OPAL has a low relative strength, it was outperformed by 88.82% 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) | 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) | 38.54 | NEUTRAL | The RSI value for OPAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests OPAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.06 | OVERSOLD | The low Stochastics value suggests OPAL may be oversold. |
| Average True Range in percent/ATR (20) | 9.22 | HIGH VOLATILITY | The high ATR as a percentage value for OPAL suggests high volalility. |
| Average Directional Index/ADX (14) | 26.14 | POSITIVE | The high ADX value value for OPAL suggests a strong trend. |
2.09
+0.07 (+3.47%)
OPAL FUELS INC-A / OPAL FAQ
What is the ChartMill technical rating of OPAL FUELS INC-A (OPAL) stock?
ChartMill assigns a technical rating of 0 / 10 to OPAL.
What is the trend direction for OPAL stock?
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 38.5425. This indicates that the stock is currently neutral.
What is the MACD signal for OPAL stock?
The MACD indicator for OPAL FUELS INC-A (OPAL) has a value of -0.0623277, indicating a bearish trend.
Can you provide the short term momentum for OPAL FUELS INC-A?
The short term momentum for OPAL FUELS INC-A (OPAL) is negative.