OPKO HEALTH INC (OPK) Stock Technical Analysis
NASDAQ:OPK - US68375N1037 - Common Stock
1.41 USD
+0.03 (+2.17%)
1.3999 USD
-0.01 (-0.72%)
Overall OPK gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. OPK was also a bad performer in the overall market in the last year.
71% of all other stocks performed better in the past year than OPK.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month OPK has a been trading in the 1.11 - 1.42 range, which is quite wide. It is currently trading near the high of this range.
OPK has an average volume of 3022490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OPK is an average performer in the Health Care Providers & Services industry, it outperforms 56% of 101 stocks in the same industry.
OPK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OPK is lagging the market.
Although the technical rating is only medium, OPK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OPK in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.19
1.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.32 to 1.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.22 to 1.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.20 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.42 to 1.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.47 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for OPK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPK is up. |
| ChartMill Relative Strength | 29.86 | NEGATIVE | OPK has a low relative strength, it was outperformed by 70.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPK is above the rising 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) | 59.5 | 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) | 94.41 | OVERBOUGHT | The high Stochastics value suggests OPK may be overbought. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for OPK suggests some volalility. |
| Average Directional Index/ADX (14) | 13.43 | NEGATIVE | The low ADX value for OPK suggests a weak or negative 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)
1.41
+0.03 (+2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg2.17%
1 Week2.92%
2 Weeks12.8%
1 Month2.92%
3 Month11.9%
6 Month-16.07%
12 Month-12.42%
2 Year-22.95%
3 Year-35.32%
5 Year-56.48%
10 Year-86.97%
15 Year-31.88%
Volatility
ATR(14)0.05
ATR(20)%4.49%
ATR Inc-43.15%
Range Today0.04
ADR(20)0.06
ADR(20)%4.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.86
Mansfield-1.37
10 Day High1.42
10 Day Low1.27
20 Day High1.42
20 Day Low1.11
52 Week High2.04
52 Week Low1.11
CS1 End1.36
CR1 Start1.42
Volume & EV
DER(3)10.7%
DER(5)7.63%
Volume3.72M
Volume Incr-32.32%
Vol(5)2.06M
Vol(50)3.02M