We assign a technical rating of 8 out of 10 to OPES. 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.
Although OPES has an excellent technical rating, it 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
10.32
2 important support areas can be observed.
- 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.
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. |
15.7
+0.72 (+4.81%)
Opes Acquisition Corp / OPES FAQ
What is the ChartMill technical rating of Opes Acquisition Corp (OPES) stock?
ChartMill assigns a technical rating of 8 / 10 to OPES.
What is the current trend direction of Opes Acquisition Corp (OPES) stock?
The current trend direction for Opes Acquisition Corp (OPES) is Bullish.
What is the RSI signal for Opes Acquisition Corp (OPES) stock?
Opes Acquisition Corp (OPES) has an RSI value of 64.1442. This indicates that the stock is currently neutral.
What is the MACD signal for OPES stock?
The MACD indicator for Opes Acquisition Corp (OPES) has a value of 0.0585903, indicating a bearish trend.
What is the short term momentum for Opes Acquisition Corp (OPES) stock?
The short term momentum for Opes Acquisition Corp (OPES) is positive.