OPTIMIZERX CORP (OPRX) Technical Analysis
NASDAQ:OPRX • US68401U2042
Overall OPRX gets a technical rating of 0 out of 10. OPRX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 91% of all other stocks performed better in the past year than OPRX.
- OPRX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month OPRX has a been trading in the 5.54 - 10.35 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- OPRX is an average performer in the Health Care Technology industry, it outperforms 50% of 35 stocks in the same industry.
The technical rating of OPRX is bad and it also does not present a quality setup 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
6.50
When analyzing the support we notice one important area.
- A support zone ranging from 6.57 to 6.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @6.99 from a trend line in the daily time frame.
- Resistance @8.31 from a trend line in the daily time frame.
- Resistance @15.44 from a horizontal line 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 OPRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OPRX is down. |
| ChartMill Relative Strength | 9.88 | NEGATIVE | OPRX has a low relative strength, it was outperformed by 90.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OPRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OPRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OPRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.43 | NEUTRAL | The RSI value for OPRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OPRX has a positive trend. |
| Stochastics (14,3) | 35.05 | NEUTRAL | The Stochastics value for OPRX is a neutral value. |
| Average True Range in percent/ATR (20) | 11.09 | HIGH VOLATILITY | The high ATR as a percentage value for OPRX suggests high volalility. |
| Average Directional Index/ADX (14) | 44.22 | POSITIVE | The high ADX value value for OPRX suggests a strong trend. |
OPRX Technicals: Chart, Performance Metrics, Trend & Indicators
6.67
+0.09 (+1.37%)
OPTIMIZERX CORP / OPRX FAQ
What is the ChartMill technical rating of OPTIMIZERX CORP (OPRX) stock?
ChartMill assigns a technical rating of 0 / 10 to OPRX.
Can you provide the trend direction for OPTIMIZERX CORP?
The current trend direction for OPTIMIZERX CORP (OPRX) is Bearish.
What is the RSI signal for OPTIMIZERX CORP (OPRX) stock?
OPTIMIZERX CORP (OPRX) has an RSI value of 30.4255. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OPTIMIZERX CORP?
The MACD indicator for OPTIMIZERX CORP (OPRX) has a value of 0.0252612, indicating a bearish trend.
Can you provide the short term momentum for OPTIMIZERX CORP?
The short term momentum for OPTIMIZERX CORP (OPRX) is negative.