OP BANCORP (OPBK) Stock Technical Analysis
NASDAQ:OPBK - Nasdaq - US67109R1095 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to OPBK. OPBK has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that OPBK is one of the better performing stocks in the market, outperforming 83% of all stocks.
OPBK is part of the Banks industry. There are 394 other stocks in this industry. OPBK outperforms 76% of them.
OPBK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
OPBK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OPBK is lagging the market.
Besides having an excellent technical rating, OPBK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
10.90
14.27
We found 4 important support areas.
- A support zone ranging from 12.73 to 12.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.04 to 12.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.61 to 11.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.01 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 13.98 to 14.13. 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 | UP | POSITIVE | The short term trend for OPBK is up. |
| ChartMill Relative Strength | 83.89 | POSITIVE | OPBK has a high relative strength, it outperformed 83.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPBK is above 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 | MIXED | The current price of OPBK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.59 | NEUTRAL | The RSI value for OPBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests OPBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.9 | NEUTRAL | The Stochastics value for OPBK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for OPBK suggests some volalility. |
| Average Directional Index/ADX (14) | 29.28 | POSITIVE | The high ADX value value for OPBK suggests a strong 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)
13.48
-0.17 (-1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.25%
1 Week-4.53%
2 Weeks8.19%
1 Month6.65%
3 Month27.89%
6 Month-7.73%
12 Month27.41%
2 Year37.69%
3 Year19.29%
5 Year116.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%3.11%
ATR Inc-26.9%
Range Today0.38
ADR(20)0.41
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.89
Mansfield-0.7
10 Day High14.52
10 Day Low12.47
20 Day High14.52
20 Day Low11.52
52 Week High18.57
52 Week Low10.43
CS1 End12.79
CR1 Start13.98
Volume & EV
DER(3)-0.53%
DER(5)-1.14%
Volume52.10K
Volume Incr-53.43%
Vol(5)74.46K
Vol(50)98.25K