TRADR 2X LONG OPEN DAILY ETF (OPEX) Technical Analysis
NYSEARCA:OPEX • US46152A4783
Current stock price
OPEX Technical Rating and Analysis
Taking everything into account, OPEX scores 0 out of 10 in our technical rating. OPEX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than OPEX.
- In the last month OPEX has a been trading in the 18.61 - 32.03 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
OPEX Weekly and Daily overview Charts
OPEX Setup Rating and Analysis
The technical rating of OPEX is bad and it also does not present a 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
OPEX Support and Resistance Analysis
21.28
When analyzing the resistance we notice 2 important areas.
- Resistance @22.76 from a trend line in the daily time frame.
- Resistance @30.96 from a horizontal line in the daily time frame.
OPEX 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 | DOWN | NEGATIVE | The long term trend for OPEX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OPEX is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | OPEX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OPEX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OPEX is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 42.43 | NEUTRAL | The RSI value for OPEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests OPEX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.01 | OVERSOLD | The low Stochastics value suggests OPEX may be oversold. |
| Average True Range in percent/ATR (20) | 15.21 | HIGH VOLATILITY | The high ATR as a percentage value for OPEX suggests high volalility. |
| Average Directional Index/ADX (14) | 10.07 | NEGATIVE | The low ADX value for OPEX suggests a weak or negative trend. |
OPEX Chart- and CandleStick Pattern Analysis
OPEX Technicals: Chart, Performance Metrics, Trend & Indicators
21.49
+1.06 (+5.19%)
TRADR 2X LONG OPEN DAILY ETF / OPEX TA FAQ
What is the ChartMill technical rating of TRADR 2X LONG OPEN DAILY ETF (OPEX) stock?
ChartMill assigns a technical rating of 0 / 10 to OPEX.
What is the trend direction for OPEX stock?
The current trend direction for TRADR 2X LONG OPEN DAILY ETF (OPEX) is Bearish.
Can you provide the RSI signal for TRADR 2X LONG OPEN DAILY ETF?
TRADR 2X LONG OPEN DAILY ETF (OPEX) has an RSI value of 42.4337. This indicates that the stock is currently neutral.
What is the short term momentum for TRADR 2X LONG OPEN DAILY ETF (OPEX) stock?
The short term momentum for TRADR 2X LONG OPEN DAILY ETF (OPEX) is negative.
Can you provide the support and resistance levels for TRADR 2X LONG OPEN DAILY ETF?
TRADR 2X LONG OPEN DAILY ETF (OPEX) has a resistance level at 22.76. Check the full technical report for our detailed analysis of OPEX support and resistance levels.