Opes Acquisition Corp (OPES) Technical Analysis
NASDAQ:OPES
Current stock price
OPES Technical Rating and Analysis
Overall OPES gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, OPES is only an average performer.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, OPES did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- OPES is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OPES is lagging the market.
- In the last month OPES has a been trading in the 10.22 - 17.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
OPES Weekly and Daily overview Charts
OPES Setup Rating and Analysis
Although OPES has an excellent technical rating, it does not present a decent entry opportunity 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
OPES Support and Resistance Analysis
10.32
When analyzing the support we can see 2 important areas.
- Support @14.97 from a horizontal line in the daily time frame.
- A support zone ranging from 10.42 to 10.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 17.24 to 17.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
OPES 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 | UP | POSITIVE | The long term trend for OPES is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPES is up. |
| ChartMill Relative Strength | 77.38 | POSITIVE | OPES has a high relative strength, it outperformed 77.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPES is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPES is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OPES is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.14 | NEUTRAL | The RSI value for OPES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests OPES has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.78 | NEUTRAL | The Stochastics value for OPES is a neutral value. |
| Average True Range in percent/ATR (20) | 7.78 | HIGH VOLATILITY | The high ATR as a percentage value for OPES suggests high volalility. |
OPES Chart- and CandleStick Pattern Analysis
OPES Technicals: Chart, Performance Metrics, Trend & Indicators
15.7
+0.72 (+4.81%)
Opes Acquisition Corp / OPES TA FAQ
What is the ChartMill technical rating of Opes Acquisition Corp (OPES) stock?
ChartMill assigns a technical rating of 8 / 10 to OPES.
Can you provide the trend direction for Opes Acquisition Corp?
The current trend direction for Opes Acquisition Corp (OPES) is Bullish.
Can you provide the RSI signal for Opes Acquisition Corp?
Opes Acquisition Corp (OPES) has an RSI value of 64.1442. This indicates that the stock is currently neutral.
What is the short term momentum for OPES stock?
The short term momentum for Opes Acquisition Corp (OPES) is positive.
What is the buy/sell signal for OPES stock?
The buy/sell signal for Opes Acquisition Corp (OPES) is buy as both the short term and long term trends are positive.