OP BANCORP (OPBK) Technical Analysis
NASDAQ:OPBK • US67109R1095
Current stock price
OPBK Technical Rating and Analysis
Taking everything into account, OPBK scores 1 out of 10 in our technical rating. OPBK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- OPBK is one of the lesser performing stocks in the Banks industry. 76% of 380 stocks in the same industry do better.
- When compared to the yearly performance of all other stocks, OPBK outperforms 40% of them, which is more or less in line with the market.
- OPBK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OPBK is lagging the market slightly.
- In the last month OPBK has a been trading in the 12.41 - 13.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
OPBK Weekly and Daily overview Charts
OPBK Setup Rating and Analysis
Although the technical rating is bad, OPBK does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.56, a Stop Loss order could be placed below this zone.
More info and screens
OPBK Support and Resistance Analysis
11.73
When analyzing the support we can see 3 important areas.
- A support zone ranging from 12.86 to 13.14. 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 12.46 to 12.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.85 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 13.45 to 13.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.12 to 14.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.55 to 14.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
OPBK Technical Indicator Signal Analysis
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 OPBK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OPBK is down. |
| ChartMill Relative Strength | 40.29 | NEUTRAL | OPBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OPBK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OPBK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OPBK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.63 | NEUTRAL | The RSI value for OPBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests OPBK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.98 | OVERSOLD | The low Stochastics value suggests OPBK may be oversold. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for OPBK suggests some volalility. |
| Average Directional Index/ADX (14) | 27.2 | POSITIVE | The high ADX value value for OPBK suggests a strong trend. |
OPBK Chart- and CandleStick Pattern Analysis
OPBK Technicals: Chart, Performance Metrics, Trend & Indicators
13.21
+0.29 (+2.24%)
OP BANCORP / OPBK TA FAQ
What is the technical rating for OPBK stock?
ChartMill assigns a technical rating of 1 / 10 to OPBK.
Can you provide the trend direction for OP BANCORP?
The current trend direction for OP BANCORP (OPBK) is Bearish.
What is the RSI signal for OPBK stock?
OP BANCORP (OPBK) has an RSI value of 43.625. 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 negative.
What is the buy/sell signal for OP BANCORP (OPBK) stock?
The buy/sell signal for OP BANCORP (OPBK) is sell as both the short term and long term trends are negative.