OPTIMIZERX CORP (OPRX) Stock Technical Analysis
USA - NASDAQ:OPRX - US68401U2042 - Common Stock
19.55 USD
-0.23 (-1.16%)
19.55 USD
0 (0%)
Overall OPRX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, OPRX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that OPRX is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by OPRX over the past year are nicely spread over this period.
OPRX is part of the Health Care Technology industry. There are 35 other stocks in this industry. OPRX outperforms 94% of them.
OPRX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month OPRX has a been trading in the 17.24 - 20.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OPRX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
12.52
20.72
4 important support areas can be observed.
- Support @18.37 from a trend line in the daily time frame.
- A support zone ranging from 17.28 to 17.60. 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 16.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.65 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @20.51 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 | UP | POSITIVE | The long term trend for OPRX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPRX is up. |
| ChartMill Relative Strength | 97.22 | POSITIVE | OPRX has a high relative strength, it outperformed 97.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OPRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.74 | NEUTRAL | The RSI value for OPRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests OPRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.18 | NEUTRAL | The Stochastics value for OPRX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.04 | HIGH VOLATILITY | The high ATR as a percentage value for OPRX suggests high volalility. |
| Average Directional Index/ADX (14) | 22.7 | NEUTRAL | The ADX value for OPRX suggests a possible start of a new 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 |
|---|---|---|---|
| 20.52 | 18.36 | 2.16 (10.53%) | 9.50% |
| An entry @20.52. This is a Buy Stop order right above the resistance zone. | An exit @18.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.16 points, which is 10.53%. | When investing 9.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
19.55
-0.23 (-1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-1.16%
1 Week8.13%
2 Weeks4.27%
1 Month7.42%
3 Month50.73%
6 Month131.36%
12 Month191.36%
2 Year142.56%
3 Year26.82%
5 Year-1.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.19
ATR(20)%6.04%
ATR Inc-12.1%
Range Today0.97
ADR(20)1.17
ADR(20)%5.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.22
Mansfield7.35
10 Day High20.85
10 Day Low17.45
20 Day High20.85
20 Day Low17.24
52 Week High20.85
52 Week Low3.78
CS1 End18.37
CR1 Start20.51
Volume & EV
DER(3)0.38%
DER(5)1.67%
Volume164.60K
Volume Incr-30.2%
Vol(5)247.42K
Vol(50)395.52K