RIVERNRTH/DOUBLELNE STR OPP (OPP) Stock Technical Analysis
NYSE:OPP - New York Stock Exchange, Inc. - US76882G1076 - Currency: USD
Overall OPP gets a technical rating of 2 out of 10. In the past year, OPP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
OPP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 8.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OPP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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7.97
When analyzing the support we notice one important area.
- A support zone ranging from 8.05 to 8.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.40 to 8.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.12 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 OPP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OPP is neutral. |
| ChartMill Relative Strength | 32.1 | NEUTRAL | OPP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OPP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OPP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.88 | NEUTRAL | The RSI value for OPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests OPP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.38 | NEUTRAL | The Stochastics value for OPP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.82 | LOW VOLATILITY | The low ATR as a percentage value for OPP suggests low volalility. |
| Average Directional Index/ADX (14) | 11.6 | NEGATIVE | The low ADX value for OPP suggests a weak or negative trend. |
NYSE:OPP (6/25/2025, 8:04:00 PM)
8.3946
+0.01 (+0.17%)