OPERA LTD-ADR (OPRA) Stock Technical Analysis
USA - NASDAQ:OPRA - US68373M1071 - ADR
We assign a technical rating of 0 out of 10 to OPRA. OPRA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
OPRA 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.
More info and screens
13.46
When analyzing the support we notice one important area.
- A support zone ranging from 13.60 to 13.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @19.01 from a trend line in the weekly time frame.
- A resistance zone ranging from 20.33 to 20.41. This zone is formed by a combination of multiple trend lines in the daily 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 OPRA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OPRA is down. |
| ChartMill Relative Strength | 12.93 | NEGATIVE | OPRA has a low relative strength, it was outperformed by 87.07% 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) | DOWN | NEGATIVE | The current price of OPRA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OPRA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.71 | NEUTRAL | The RSI value for OPRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests OPRA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.12 | OVERSOLD | The low Stochastics value suggests OPRA may be oversold. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for OPRA suggests some volalility. |
| Average Directional Index/ADX (14) | 40.31 | POSITIVE | The high ADX value value for OPRA suggests a strong trend. |
13.62
-0.34 (-2.44%)
OPERA LTD-ADR / OPRA FAQ
What is the ChartMill technical rating of OPERA LTD-ADR (OPRA) stock?
ChartMill assigns a technical rating of 0 / 10 to OPRA.
Can you provide the trend direction for OPERA LTD-ADR?
The current trend direction for OPERA LTD-ADR (OPRA) is Bearish.
Can you provide the RSI signal for OPERA LTD-ADR?
OPERA LTD-ADR (OPRA) has an RSI value of 31.7133. This indicates that the stock is currently neutral.
What is the buy/sell signal for OPERA LTD-ADR (OPRA) stock?
The buy/sell signal for OPERA LTD-ADR (OPRA) is sell as both the short term and long term trends are negative.
What is the support and resistance level for OPRA stock?
OPERA LTD-ADR (OPRA) has a support level at 13.61 and a resistance level at 19.01. Check the full technical report for our detailed analysis of OPRA support and resistance levels.