RIVERNRTH/DOUBLELNE STR OPP (OPP) Stock Technical Analysis
USA - NYSE:OPP - US76882G1076
Taking everything into account, OPP scores 0 out of 10 in our technical rating. OPP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
OPP has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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7.97
When analyzing the support we notice one important area.
- A support zone ranging from 8.05 to 8.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.18 to 8.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.13 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 | DOWN | NEGATIVE | The short term trend for OPP is down. |
| ChartMill Relative Strength | 23.95 | NEGATIVE | OPP has a low relative strength, it was outperformed by 76.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OPP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OPP is below a declining 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) | 27.82 | OVERSOLD | The low RSI value suggests OPP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests OPP has a negative trend. |
| Stochastics (14,3) | 9.57 | OVERSOLD | The low Stochastics value suggests OPP may be oversold. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for OPP suggests low volalility. |
| Average Directional Index/ADX (14) | 50.67 | POSITIVE | The high ADX value value for OPP suggests a strong trend. |
8.16
-0.03 (-0.37%)
RIVERNRTH/DOUBLELNE STR OPP / OPP FAQ
What is the technical rating for OPP stock?
ChartMill assigns a technical rating of 0 / 10 to OPP.
What is the current trend direction of RIVERNRTH/DOUBLELNE STR OPP (OPP) stock?
The current trend direction for RIVERNRTH/DOUBLELNE STR OPP (OPP) is Bearish.
What is the RSI signal for OPP stock?
RIVERNRTH/DOUBLELNE STR OPP (OPP) has an RSI value of 27.8195. This indicates that the stock is currently oversold.
What is the MACD signal for RIVERNRTH/DOUBLELNE STR OPP (OPP) stock?
The MACD indicator for RIVERNRTH/DOUBLELNE STR OPP (OPP) has a value of -0.016817, indicating a bearish trend.
What is the short term momentum for RIVERNRTH/DOUBLELNE STR OPP (OPP) stock?
The short term momentum for RIVERNRTH/DOUBLELNE STR OPP (OPP) is negative.