OPTION CARE HEALTH INC (OPCH) Stock Technical Analysis
NASDAQ:OPCH - Nasdaq - US68404L2016 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to OPCH. OPCH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
77% of all other stocks performed better in the past year than OPCH.
In the last month OPCH has a been trading in the 29.79 - 32.53 range, which is quite wide. It is currently trading near the lows of this range.
OPCH has an average volume of 1723130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
OPCH is an average performer in the Health Care Providers & Services industry, it outperforms 52% of 103 stocks in the same industry.
OPCH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OPCH is lagging the market.
Considerably lower volume is observed in the last couple of days.
OPCH has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
29.58
35.36
We can see 2 important resistance areas.
- A resistance zone ranging from 31.16 to 33.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @35.01 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 | NEUTRAL | NEUTRAL | The long term trend for OPCH is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OPCH is down. |
| ChartMill Relative Strength | 23.57 | NEGATIVE | OPCH has a low relative strength, it was outperformed by 76.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OPCH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OPCH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OPCH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.78 | NEUTRAL | The RSI value for OPCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests OPCH has a negative trend. |
| Stochastics (14,3) | 6.08 | OVERSOLD | The low Stochastics value suggests OPCH may be oversold. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for OPCH suggests some volalility. |
| Average Directional Index/ADX (14) | 19.12 | NEGATIVE | The low ADX value for OPCH 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)
29.88
-0.61 (-2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-2%
1 Week-4.11%
2 Weeks-6.62%
1 Month-5.71%
3 Month-5.29%
6 Month24.55%
12 Month1.74%
2 Year-11.55%
3 Year-11.07%
5 Year153.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%2.27%
ATR Inc-23.77%
Range Today0.57
ADR(20)0.66
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.57
Mansfield-0.78
10 Day High32.53
10 Day Low29.79
20 Day High32.53
20 Day Low29.79
52 Week High35.53
52 Week Low21.39
CS1 EndN/A
CR1 Start31.16
Volume & EV
DER(3)-0.38%
DER(5)0.55%
Volume1.04M
Volume Incr-39.4%
Vol(5)1.01M
Vol(50)1.72M