OPERA LTD-ADR (OPRA) Stock Technical Analysis
NASDAQ:OPRA - Nasdaq - US68373M1071 - ADR - Currency: USD
Taking everything into account, OPRA scores 7 out of 10 in our technical rating. OPRA was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that OPRA is one of the better performing stocks in the market, outperforming 87% of all stocks.
OPRA is part of the Software industry. There are 282 other stocks in this industry. OPRA outperforms 73% of them.
OPRA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OPRA is lagging the market slightly.
In the last month OPRA has a been trading in the 17.27 - 20.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although OPRA has an excellent technical rating, it does not present a decent entry opportunity 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
14.78
20.53
When analyzing the support we can see 2 important areas.
- A support zone ranging from 17.37 to 18.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.93 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 18.71 to 18.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for OPRA is neutral. |
| ChartMill Relative Strength | 87.16 | POSITIVE | OPRA has a high relative strength, it outperformed 87.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OPRA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPRA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OPRA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.48 | NEUTRAL | The RSI value for OPRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests OPRA has a negative trend. |
| Stochastics (14,3) | 57.5 | NEUTRAL | The Stochastics value for OPRA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for OPRA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.5 | NEGATIVE | The low ADX value for OPRA suggests a weak or negative 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)
18.44
-1.27 (-6.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-6.44%
1 Week-7.71%
2 Weeks-1.23%
1 Month-3.46%
3 Month23.34%
6 Month5.43%
12 Month42.95%
2 Year2.5%
3 Year260.16%
5 Year85.7%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%4.01%
ATR Inc53.7%
Range Today1.37
ADR(20)0.69
ADR(20)%3.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.16
Mansfield0.09
10 Day High20.65
10 Day Low18.09
20 Day High20.65
20 Day Low17.27
52 Week High22.5
52 Week Low10.11
CS1 End18.37
CR1 Start18.71
Volume & EV
DER(3)1.23%
DER(5)-1.37%
Volume1.08M
Volume Incr24.74%
Vol(5)675.76K
Vol(50)511.08K