OPTION CARE HEALTH INC (OPCH) Stock Technical Analysis
NASDAQ:OPCH - Nasdaq - US68404L2016 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to OPCH. OPCH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month OPCH has a been trading in the 31.07 - 32.94 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
OPCH is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so OPCH is performing more or less in line with the market.
OPCH has an average volume of 2100240 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.
When comparing the performance of all stocks over the past year, OPCH turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
OPCH is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, OPCH did better than 54% of them.
Although the technical rating is bad, OPCH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 31.55, a Stop Loss order could be placed below this zone.
More info and screens
30.37
35.56
When analyzing the support we can see 2 important areas.
- Support @31.41 from a horizontal line in the weekly time frame.
- A support zone ranging from 30.68 to 30.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 31.55 to 32.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @32.97 from a horizontal line in the daily time frame.
- Resistance @33.76 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 34.74 to 35.21. 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 | 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 | 49.97 | NEUTRAL | OPCH is not amongst the best or worst performers 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) | 45.27 | NEUTRAL | The RSI value for OPCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OPCH has a negative trend. |
| Stochastics (14,3) | 32.35 | NEUTRAL | The Stochastics value for OPCH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for OPCH suggests some volalility. |
| Average Directional Index/ADX (14) | 16.63 | 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)
31.53
-0.03 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.1%
1 Week-1.07%
2 Weeks-1.99%
1 Month-3.61%
3 Month-8.82%
6 Month37.63%
12 Month11.89%
2 Year-2.95%
3 Year13.46%
5 Year127.16%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%2.42%
ATR Inc-13.45%
Range Today0.63
ADR(20)0.74
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.97
Mansfield0.21
10 Day High32.53
10 Day Low31.07
20 Day High32.94
20 Day Low31.07
52 Week High35.53
52 Week Low21.39
CS1 End31.55
CR1 Start31.56
Volume & EV
DER(3)-0.93%
DER(5)-0.64%
Volume3.14M
Volume Incr43.68%
Vol(5)1.94M
Vol(50)2.10M