OPAL FUELS INC-A (OPAL) Stock Technical Analysis
NASDAQ:OPAL - US68347P1030 - Common Stock
2.35 USD
+0.02 (+0.86%)
2.35 USD
0 (0%)
Taking everything into account, OPAL scores 1 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, OPAL is a bad performer in the overall market: 95% of all stocks are doing better.
OPAL is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 88% are performing better than OPAL.
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 2.17 - 2.50 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. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.34, a Stop Loss order could be placed below this zone.
More info and screens
2.18
3.92
We found 2 important support areas.
- A support zone ranging from 2.31 to 2.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.20 to 2.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.36 to 2.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.19 from a trend line in the weekly time frame.
- Resistance @3.36 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for OPAL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OPAL is down. |
| ChartMill Relative Strength | 5.67 | NEGATIVE | OPAL has a low relative strength, it was outperformed by 94.33% 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) | 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) | 48.44 | NEUTRAL | The RSI value for OPAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OPAL has a positive trend. |
| Stochastics (14,3) | 51.65 | NEUTRAL | The Stochastics value for OPAL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.11 | HIGH VOLATILITY | The high ATR as a percentage value for OPAL suggests high volalility. |
| Average Directional Index/ADX (14) | 10.61 | NEGATIVE | The low ADX value for OPAL suggests a weak or negative 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)
2.35
+0.02 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.86%
1 Week2.62%
2 Weeks1.73%
1 Month3.98%
3 Month-33.8%
6 Month-6%
12 Month-34.54%
2 Year-66.28%
3 Year-76.48%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%5.11%
ATR Inc-29.7%
Range Today0.05
ADR(20)0.12
ADR(20)%5.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.67
Mansfield-2.49
10 Day High2.46
10 Day Low2.23
20 Day High2.5
20 Day Low2.17
52 Week High4.11
52 Week Low1.26
CS1 End2.34
CR1 Start2.36
Volume & EV
DER(3)-10.06%
DER(5)-3.97%
Volume98.20K
Volume Incr2.16%
Vol(5)124.38K
Vol(50)201.09K