OPAL FUELS INC-A (OPAL) Stock Technical Analysis
NASDAQ:OPAL • US68347P1030
Overall OPAL gets a technical rating of 1 out of 10. 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.
- 82% of all other stocks performed better in the past year than OPAL.
- OPAL is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 82% of 206 stocks in the same industry do better.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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.
- In the last month OPAL has a been trading in the 2.08 - 2.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
OPAL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.41. Right above this resistance zone may be a good entry point.
More info and screens
1.99
We found 4 important support areas.
- Support @2.22 from a trend line in the weekly time frame.
- A support zone ranging from 2.14 to 2.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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.
- Support @2.01 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 2.41 to 2.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.56 from a trend line in the daily time frame.
- Resistance @2.63 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.70 to 2.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.00 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 | NEUTRAL | NEUTRAL | The short term trend for OPAL is neutral. |
| ChartMill Relative Strength | 18.54 | NEGATIVE | OPAL has a low relative strength, it was outperformed by 81.46% 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) | UP | MIXED | The current price of OPAL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.23 | NEUTRAL | The RSI value for OPAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OPAL has a negative trend. |
| Stochastics (14,3) | 35.8 | NEUTRAL | The Stochastics value for OPAL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.25 | HIGH VOLATILITY | The high ATR as a percentage value for OPAL suggests high volalility. |
| Average Directional Index/ADX (14) | 13.08 | NEGATIVE | The low ADX value for OPAL suggests a weak or negative trend. |
2.25
-0.12 (-5.06%)
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 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 44.2306. 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 -0.0124233, indicating a bearish trend.
What is the support and resistance level for OPAL stock?
OPAL FUELS INC-A (OPAL) has a support level at 2.22 and a resistance level at 2.41. Check the full technical report for our detailed analysis of OPAL support and resistance levels.