Overall OPAL gets a technical rating of 6 out of 10. OPAL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
OPAL has an average technical rating and the quality of the presented setup is also not ideal 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.
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2.03
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.39 to 2.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.28 from a horizontal line in the daily time frame.
- Support @2.21 from a trend line in the weekly time frame.
- Support @2.09 from a trend line in the daily time frame.
- Support @2.05 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @2.60 from a trend line in the daily time frame.
- Resistance @2.71 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 2.78 to 2.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.13 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 | UP | POSITIVE | The short term trend for OPAL is up. |
| ChartMill Relative Strength | 38.26 | NEUTRAL | OPAL is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of OPAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.5 | NEUTRAL | The RSI value for OPAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OPAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.27 | OVERBOUGHT | The high Stochastics value suggests OPAL may be overbought. |
| Average True Range in percent/ATR (20) | 7.03 | HIGH VOLATILITY | The high ATR as a percentage value for OPAL suggests high volalility. |
| Average Directional Index/ADX (14) | 21.38 | NEUTRAL | The ADX value for OPAL suggests a possible start of a new trend. |
2.6
-0.03 (-1.14%)
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 6 / 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 57.5028. 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 0.0331066, 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 positive.