LEVERAGE SHARES 2X OPEN (OPEG) Technical Analysis
NASDAQ:OPEG • US88340F8453
Current stock price
OPEG Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to OPEG. In the past year, OPEG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 100% of all other stocks performed better in the past year than OPEG.
- Warning: OPEG has an average volume of 25076 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- In the last month OPEG has a been trading in the 4.00 - 8.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OPEG Weekly and Daily overview Charts
OPEG Setup Rating and Analysis
OPEG has an average technical rating and it also does not offer a high quality setup 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
OPEG Support and Resistance Analysis
6.77
When analyzing the resistance we notice one important area.
- Resistance @7.57 from a horizontal line in the daily time frame.
OPEG Technical Indicator Signal Analysis
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 OPEG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPEG is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | OPEG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPEG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPEG is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 59.62 | NEUTRAL | The RSI value for OPEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests OPEG has a positive trend. |
| Stochastics (14,3) | 74.42 | NEUTRAL | The Stochastics value for OPEG is a neutral value. |
| Average True Range in percent/ATR (20) | 9.58 | HIGH VOLATILITY | The high ATR as a percentage value for OPEG suggests high volalility. |
| Average Directional Index/ADX (14) | 14.93 | NEGATIVE | The low ADX value for OPEG suggests a weak or negative trend. |
OPEG Chart- and CandleStick Pattern Analysis
OPEG Technicals: Chart, Performance Metrics, Trend & Indicators
6.84
-0.01 (-0.21%)
LEVERAGE SHARES 2X OPEN / OPEG TA FAQ
Can you provide the ChartMill technical rating for LEVERAGE SHARES 2X OPEN?
ChartMill assigns a technical rating of 4 / 10 to OPEG.
What is the current trend direction of LEVERAGE SHARES 2X OPEN (OPEG) stock?
The current trend direction for LEVERAGE SHARES 2X OPEN (OPEG) is Bearish.
What is the RSI signal for LEVERAGE SHARES 2X OPEN (OPEG) stock?
LEVERAGE SHARES 2X OPEN (OPEG) has an RSI value of 59.6224. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LEVERAGE SHARES 2X OPEN?
The MACD indicator for LEVERAGE SHARES 2X OPEN (OPEG) has a value of 0.284917, indicating a bearish trend.
What are the support and resistance levels for LEVERAGE SHARES 2X OPEN (OPEG) stock?
LEVERAGE SHARES 2X OPEN (OPEG) has a resistance level at 7.57. Check the full technical report for our detailed analysis of OPEG support and resistance levels.