RIVERNRTH/DOUBLELNE STR OPP (OPP) Technical Analysis
NYSE:OPP • US76882G1076
Current stock price
OPP Technical Rating and Analysis
Overall OPP gets a technical rating of 0 out of 10. 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 76% of all other stocks performed better in the past year than OPP.
- OPP is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OPP is lagging the market.
- In the last month OPP has a been trading in a tight range between 7.49 and 7.80.
OPP Weekly and Daily overview Charts
OPP Setup Rating and Analysis
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 resistance zone just above the current price starting at 7.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.65, a Stop Loss order could be placed below this zone.
More info and screens
OPP Support and Resistance Analysis
7.42
We found 1 important support area.
- A support zone ranging from 7.49 to 7.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 7.71 to 7.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.91 to 7.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @8.14 from a horizontal line in the daily time frame.
- Resistance @8.59 from a trend line in the weekly time frame.
- A resistance zone ranging from 8.75 to 8.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
OPP 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.
| 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 | 24.98 | NEGATIVE | OPP has a low relative strength, it was outperformed by 75.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OPP is above 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) | 50.31 | NEUTRAL | The RSI value for OPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OPP has a positive trend. |
| Stochastics (14,3) | 70.82 | NEUTRAL | The Stochastics value for OPP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for OPP suggests low volalility. |
| Average Directional Index/ADX (14) | 33.49 | POSITIVE | The high ADX value value for OPP suggests a strong trend. |
OPP Chart- and CandleStick Pattern Analysis
OPP Technicals: Chart, Performance Metrics, Trend & Indicators
7.68
-0.02 (-0.26%)
RIVERNRTH/DOUBLELNE STR OPP / OPP TA FAQ
What is the technical rating for OPP stock?
ChartMill assigns a technical rating of 0 / 10 to OPP.
Can you provide the trend direction for RIVERNRTH/DOUBLELNE STR OPP?
The current trend direction for RIVERNRTH/DOUBLELNE STR OPP (OPP) is Bearish.
What is the RSI signal for RIVERNRTH/DOUBLELNE STR OPP (OPP) stock?
RIVERNRTH/DOUBLELNE STR OPP (OPP) has an RSI value of 50.3128. This indicates that the stock is currently neutral.
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 0.0192586, indicating a bearish trend.
What is the support and resistance level for OPP stock?
RIVERNRTH/DOUBLELNE STR OPP (OPP) has a support level at 7.65 and a resistance level at 7.71. Check the full technical report for our detailed analysis of OPP support and resistance levels.