OLD POINT FINANCIAL CORP (OPOF) Stock Technical Analysis
USA - NASDAQ:OPOF - US6801941070 - Common Stock
Overall OPOF gets a technical rating of 9 out of 10. Both in the recent history as in the last year, OPOF has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, OPOF also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 42.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.56, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OPOF in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- 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
34.19
We found 2 important support areas.
- A support zone ranging from 38.64 to 41.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.54 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 42.11 to 42.25. This zone is formed by a combination of multiple trend lines 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 OPOF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OPOF is neutral. |
| ChartMill Relative Strength | 93.52 | POSITIVE | OPOF has a high relative strength, it outperformed 93.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPOF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPOF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OPOF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.84 | NEUTRAL | The RSI value for OPOF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests OPOF has a positive trend. |
| Stochastics (14,3) | 60.69 | NEUTRAL | The Stochastics value for OPOF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for OPOF suggests low volalility. |
| Average Directional Index/ADX (14) | 18.91 | NEGATIVE | The low ADX value for OPOF suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 42.26 | 40.44 | 1.82 (4.31%) | 23.22% |
| An entry @42.26. This is a Buy Stop order right above the resistance zone. | An exit @40.44. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.82 points, which is 4.31%. | For a 1.00% total portfolio risk, you can invest 23.22% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
42.1
+0.94 (+2.28%)