Overall OPCH gets a technical rating of 8 out of 10. OPCH 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.
OPCH has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 31.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OPCH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
25.77
2 important support areas can be observed.
- A support zone ranging from 28.82 to 29.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.03 to 26.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 31.05 to 31.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.93 from a horizontal 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 | UP | POSITIVE | The long term trend for OPCH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPCH is up. |
| ChartMill Relative Strength | 82.42 | POSITIVE | OPCH has a high relative strength, it outperformed 82.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPCH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPCH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OPCH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.62 | NEUTRAL | The RSI value for OPCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OPCH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.22 | NEUTRAL | The Stochastics value for OPCH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for OPCH suggests some volalility. |
| Average Directional Index/ADX (14) | 19.77 | NEGATIVE | The low ADX value for OPCH suggests a weak or negative 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 |
|---|---|---|---|
| 30.46 | 28.81 | 1.65 (5.41%) | 18.48% |
| An entry @30.46. This is a Buy Stop order right above the 10 day moving average. | An exit @28.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.65 points, which is 5.41%. | When investing 18.48% 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.
29.89
0 (-0.02%)
OPTION CARE HEALTH INC / OPCH FAQ
What is the ChartMill technical rating of OPTION CARE HEALTH INC (OPCH) stock?
ChartMill assigns a technical rating of 8 / 10 to OPCH.
What is the trend direction for OPCH stock?
The current trend direction for OPTION CARE HEALTH INC (OPCH) is Bullish.
Can you provide the RSI signal for OPTION CARE HEALTH INC?
OPTION CARE HEALTH INC (OPCH) has an RSI value of 56.6237. This indicates that the stock is currently neutral.
What is the MACD signal for OPCH stock?
The MACD indicator for OPTION CARE HEALTH INC (OPCH) has a value of 0.0249108, indicating a bearish trend.
Can you provide the buy/sell signal for OPTION CARE HEALTH INC?
The buy/sell signal for OPTION CARE HEALTH INC (OPCH) is buy as both the short term and long term trends are positive.