Taking everything into account, OPCH scores 9 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, OPCH also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
26.42
When analyzing the support we can see 3 important areas.
- A support zone ranging from 31.93 to 31.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @31.25 from a horizontal line in the daily time frame.
- A support zone ranging from 26.69 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 32.59 to 32.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | 88.93 | POSITIVE | OPCH has a high relative strength, it outperformed 88.93% 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 | MIXED | The current price of OPCH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.37 | NEUTRAL | The RSI value for OPCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests OPCH has a negative trend. |
| Stochastics (14,3) | 66.98 | NEUTRAL | The Stochastics value for OPCH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for OPCH suggests some volalility. |
| Average Directional Index/ADX (14) | 19.98 | 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 |
|---|---|---|---|
| 32.98 | 31.92 | 1.06 (3.23%) | 25.00% |
| An entry @32.98. This is a Buy Stop order right above the resistance zone. | An exit @31.91. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.06 points, which is 3.23%. | For a 0.81% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of OPCH. Please evaluate whether better entry and exit points can be found.
- 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.
32.58
+0.23 (+0.71%)
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 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 61.3678. 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 -0.133966, 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.