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OPIANT PHARMACEUTICALS INC (OPNT) Stock Technical Analysis

NASDAQ:OPNT - Nasdaq - US6837501039 - Common Stock - Currency: USD

20.65  -0.12 (-0.58%)

After market: 20.75 +0.1 (+0.48%)

Technical Rating and Analysis

5

We assign a technical rating of 5 out of 10 to OPNT. Although OPNT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, OPNT is a bad performer in the overall market: 64% of all stocks are doing better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month OPNT has a been trading in the 20.00 - 21.46 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
OPNT is an average performer in the Pharmaceuticals industry, it outperforms 52% of 194 stocks in the same industry.
OPNT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OPNT is lagging the market.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
OPIANT PHARMACEUTICALS INC / OPNT Weekly stock chart
OPIANT PHARMACEUTICALS INC / OPNT Daily stock chart
Setup Rating and Analysis

7

Although the technical rating is only medium, OPNT does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 20.53, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

19.83

21.31

When analyzing the support we notice one important area.

  • A support zone ranging from 20.03 to 20.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 20.78 to 21.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for OPNT is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for OPNT is neutral.
ChartMill Relative Strength36.12NEUTRALOPNT is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPMIXEDThe current price of OPNT is below the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of OPNT is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of OPNT is above the rising SMA(200).
Relative Strength Index/RSI (14)50.13NEUTRALThe RSI value for OPNT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.06NEGATIVEThe MACD value suggests OPNT has a negative trend.
Stochastics (14,3)20.39NEUTRALThe Stochastics value for OPNT is a neutral value.
Average True Range in percent/ATR (20)1.66LOW VOLATILITYThe low ATR as a percentage value for OPNT suggests low volalility.
Average Directional Index/ADX (14)47.86POSITIVEThe high ADX value value for OPNT suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
OPIANT PHARMACEUTICALS INC / OPNT Daily stock chart

OPIANT PHARMACEUTICALS INC

NASDAQ:OPNT (3/1/2023, 8:00:03 PM)

After market: 20.75 +0.1 (+0.48%)

20.65

-0.12 (-0.58%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.58%
1 Week-1.05%
2 Weeks-1.48%
1 Month2.33%
3 Month2.38%
6 Month82.1%
12 Month-22.31%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%1.66%
ATR Inc8.93%
Range Today0.5
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.12
Mansfield3.21
10 Day High21.46
10 Day Low20.5
20 Day High21.46
20 Day Low20
52 Week High27.36
52 Week Low7.34
CS1 End20.53
CR1 Start20.78
Volume & EV
DER(3)2.6%
DER(5)0.54%
Volume562.70K
Volume Incr93.71%
Vol(5)144.94K
Vol(50)71.31K