We assign a technical rating of 0 out of 10 to OPK. OPK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, OPK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.28, a Stop Loss order could be placed below this zone.
More info and screens
1.17
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.26 to 1.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.22 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.18 to 1.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.37 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.47 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.56 from a horizontal line in the weekly 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 OPK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OPK is down. |
| ChartMill Relative Strength | 29.13 | NEGATIVE | OPK has a low relative strength, it was outperformed by 70.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OPK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OPK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OPK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.93 | NEUTRAL | The RSI value for OPK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OPK has a positive trend. |
| Stochastics (14,3) | 77.43 | NEUTRAL | The Stochastics value for OPK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for OPK suggests some volalility. |
| Average Directional Index/ADX (14) | 30.32 | POSITIVE | The high ADX value value for OPK suggests a strong trend. |
1.36
+0.02 (+1.49%)
OPKO HEALTH INC / OPK FAQ
Can you provide the ChartMill technical rating for OPKO HEALTH INC?
ChartMill assigns a technical rating of 0 / 10 to OPK.
Can you provide the trend direction for OPKO HEALTH INC?
The current trend direction for OPKO HEALTH INC (OPK) is Bearish.
What is the RSI signal for OPK stock?
OPKO HEALTH INC (OPK) has an RSI value of 49.9286. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OPKO HEALTH INC?
The MACD indicator for OPKO HEALTH INC (OPK) has a value of 0.0102246, indicating a bearish trend.
Can you provide the short term momentum for OPKO HEALTH INC?
The short term momentum for OPKO HEALTH INC (OPK) is negative.