OPIANT PHARMACEUTICALS INC (OPNT) Stock Technical Analysis
NASDAQ:OPNT - Nasdaq - US6837501039 - Common Stock - Currency: USD
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.
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.
More info and screens
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.
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 | UP | POSITIVE | The long term trend for OPNT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OPNT is neutral. |
| ChartMill Relative Strength | 36.12 | NEUTRAL | OPNT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OPNT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPNT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OPNT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.13 | NEUTRAL | The RSI value for OPNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests OPNT has a negative trend. |
| Stochastics (14,3) | 20.39 | NEUTRAL | The Stochastics value for OPNT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for OPNT suggests low volalility. |
| Average Directional Index/ADX (14) | 47.86 | POSITIVE | The high ADX value value for OPNT 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)
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