OPGEN INC (OPGN) Stock Technical Analysis
NASDAQ:OPGN - Nasdaq - US68373L5057 - Common Stock - Currency: USD
Taking everything into account, OPGN scores 0 out of 10 in our technical rating. OPGN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, OPGN is a bad performer in the overall market: 80% of all stocks are doing better.
OPGN is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so OPGN is lagging the market.
In the last month OPGN has a been trading in the 1.87 - 3.10 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: OPGN has an average volume of 19040 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
OPGN is part of the Biotechnology industry. There are 560 other stocks in this industry, OPGN did better than 62% of them.
The technical rating of OPGN 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
1.94
2.94
When analyzing the resistance we notice one important area.
- Resistance @2.91 from a trend line 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 | DOWN | NEGATIVE | The long term trend for OPGN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OPGN is neutral. |
| ChartMill Relative Strength | 20.09 | NEGATIVE | OPGN has a low relative strength, it was outperformed by 79.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OPGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OPGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OPGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.82 | OVERSOLD | The low RSI value suggests OPGN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests OPGN has a negative trend. |
| Stochastics (14,3) | 17.02 | OVERSOLD | The low Stochastics value suggests OPGN may be oversold. |
| Average True Range in percent/ATR (20) | 11.1 | HIGH VOLATILITY | The high ATR as a percentage value for OPGN suggests high volalility. |
| Average Directional Index/ADX (14) | 34.28 | POSITIVE | The high ADX value value for OPGN suggests a strong 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)
1.96
-0.34 (-14.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-14.78%
1 Week-9.05%
2 Weeks-24.03%
1 Month-34.88%
3 Month-40.61%
6 Month-53.77%
12 Month14.62%
2 Year-97.9%
3 Year-99.69%
5 Year-99.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%11.1%
ATR Inc198.3%
Range Today1.06
ADR(20)0.2
ADR(20)%10.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.09
Mansfield-5.89
10 Day High2.93
10 Day Low1.87
20 Day High3.1
20 Day Low1.87
52 Week High38.4
52 Week Low1.65
CS1 EndN/A
CR1 Start2.91
Volume & EV
DER(3)-6.28%
DER(5)-5.05%
Volume328.90K
Volume Incr754.87%
Vol(5)75.10K
Vol(50)19.04K