OPERA LTD-ADR (OPRA) Stock Technical Analysis
USA - NASDAQ:OPRA - US68373M1071 - ADR
18.81 USD
-0.81 (-4.13%)
18.7032 USD
-0.11 (-0.57%)
We assign a technical rating of 7 out of 10 to OPRA. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, OPRA is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month OPRA has a been trading in the 15.69 - 20.61 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, OPRA did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
OPRA is an average performer in the Software industry, it outperforms 63% of 280 stocks in the same industry.
OPRA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OPRA is lagging the market.
Although OPRA has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
15.47
20.53
4 important support areas can be observed.
- A support zone ranging from 17.37 to 17.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.65 to 16.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.90 from a trend line in the daily time frame.
- Support @15.63 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.98 to 20.33. 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 OPRA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPRA is up. |
| ChartMill Relative Strength | 74.35 | POSITIVE | OPRA has a high relative strength, it outperformed 74.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPRA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OPRA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OPRA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.29 | NEUTRAL | The RSI value for OPRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests OPRA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.97 | NEUTRAL | The Stochastics value for OPRA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for OPRA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.59 | POSITIVE | The high ADX value value for OPRA 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)
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 |
|---|---|---|---|
| 19.49 | 17.91 | 1.58 (8.12%) | 12.31% |
| An entry @19.49. This is a Buy Stop order right above the 10 day moving average. | An exit @17.91. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.58 points, which is 8.12%. | For a 1.00% total portfolio risk, you can invest 12.31% 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.
18.81
-0.81 (-4.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-4.13%
1 Week-4.37%
2 Weeks5.56%
1 Month17.27%
3 Month4.33%
6 Month5.73%
12 Month29.19%
2 Year66.9%
3 Year333.41%
5 Year92.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%3.97%
ATR Inc-2.45%
Range Today0.91
ADR(20)0.66
ADR(20)%3.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.35
Mansfield-0.48
10 Day High20.61
10 Day Low17.92
20 Day High20.61
20 Day Low15.69
52 Week High22.5
52 Week Low12.83
CS1 End17.65
CR1 Start19.98
Volume & EV
DER(3)-1.32%
DER(5)1.12%
Volume639.13K
Volume Incr-33.51%
Vol(5)684.28K
Vol(50)743.18K