Overall OPCH gets a technical rating of 9 out of 10. Both in the recent history as in the last year, OPCH has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- OPCH is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 76% of 103 stocks in the same industry.
- OPCH is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month OPCH has a been trading in the 30.86 - 36.80 range, which is quite wide. It is currently trading near the high of this range.
- OPCH has an average volume of 1871020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that OPCH is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
OPCH has an excellent technical rating and 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. There is a resistance zone just above the current price starting at 35.88. Right above this resistance zone may be a good entry point.
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26.83
We found 4 important support areas.
- Support @33.15 from a trend line in the daily time frame.
- A support zone ranging from 31.79 to 32.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.25 from a horizontal line in the daily time frame.
- Support @27.10 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.88 to 36.60. This zone is formed by a combination of multiple trend lines and important moving averages 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 OPCH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPCH is up. |
| ChartMill Relative Strength | 84.37 | POSITIVE | OPCH has a high relative strength, it outperformed 84.37% 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) | UP | POSITIVE | The current price of OPCH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.15 | NEUTRAL | The RSI value for OPCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests OPCH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.37 | OVERBOUGHT | The high Stochastics value suggests OPCH may be overbought. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for OPCH suggests some volalility. |
| Average Directional Index/ADX (14) | 26.48 | POSITIVE | The high ADX value value for OPCH suggests a strong 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 |
|---|---|---|---|
| 36.61 | 34.26 | 2.35 (6.43%) | 15.55% |
| An entry @36.61. This is a Buy Stop order right above the resistance zone. | An exit @34.26. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.35 points, which is 6.43%. | For a 1.00% total portfolio risk, you can invest 15.55% of your capital in this trade. |
- 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.
35.33
-0.88 (-2.43%)
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 9 / 10 to OPCH.
What is the current trend direction of OPTION CARE HEALTH INC (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 61.1516. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OPTION CARE HEALTH INC?
The MACD indicator for OPTION CARE HEALTH INC (OPCH) has a value of 0.102709, indicating a bearish trend.
What is the support and resistance level for OPCH stock?
OPTION CARE HEALTH INC (OPCH) has a support level at 33.15 and a resistance level at 35.88. Check the full technical report for our detailed analysis of OPCH support and resistance levels.