Taking everything into account, OPBK scores 7 out of 10 in our technical rating. Although OPBK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, OPBK also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.23, a Stop Loss order could be placed below this zone.
More info and screens
11.52
We found 4 important support areas.
- A support zone ranging from 13.79 to 14.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.05 to 13.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.56 to 12.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @11.64 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.74 to 15.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 OPBK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OPBK is neutral. |
| ChartMill Relative Strength | 51.22 | NEUTRAL | OPBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OPBK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OPBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.66 | NEUTRAL | The RSI value for OPBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests OPBK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.06 | NEUTRAL | The Stochastics value for OPBK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for OPBK suggests some volalility. |
| Average Directional Index/ADX (14) | 22.78 | NEUTRAL | The ADX value for OPBK suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 15.07 | 13.87 | 1.20 (7.96%) | 12.56% |
| An entry @15.07. This is a Buy Stop order right above the resistance zone. | An exit @13.87. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.20 points, which is 7.96%. | When investing 12.56% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
14.48
+0.47 (+3.35%)
OP BANCORP / OPBK FAQ
What is the technical rating for OPBK stock?
ChartMill assigns a technical rating of 7 / 10 to OPBK.
Can you provide the trend direction for OP BANCORP?
The current trend direction for OP BANCORP (OPBK) is Bullish.
What is the RSI signal for OPBK stock?
OP BANCORP (OPBK) has an RSI value of 56.6559. This indicates that the stock is currently neutral.
What is the short term momentum for OP BANCORP (OPBK) stock?
The short term momentum for OP BANCORP (OPBK) is neutral.