OPTHEA LTD-SPON ADR (OPT) Stock Technical Analysis
NASDAQ:OPT - Nasdaq - US68386J2087 - ADR - Currency: USD
Taking everything into account, OPT scores 1 out of 10 in our technical rating. OPT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month OPT has a been trading in the 3.03 - 5.54 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the performance of all stocks over the past year, OPT turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
OPT is an average performer in the Biotechnology industry, it outperforms 66% of 558 stocks in the same industry.
OPT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OPT is lagging the market.
The technical rating of OPT 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
2.17
4.65
When analyzing the support we can see 3 important areas.
- Support @3.17 from a horizontal line in the weekly time frame.
- Support @3.06 from a horizontal line in the daily time frame.
- Support @2.19 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @4.60 from a trend 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 OPT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OPT is down. |
| ChartMill Relative Strength | 59.46 | NEUTRAL | OPT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OPT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OPT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OPT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.28 | NEUTRAL | The RSI value for OPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests OPT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.57 | OVERSOLD | The low Stochastics value suggests OPT may be oversold. |
| Average True Range in percent/ATR (20) | 14.61 | HIGH VOLATILITY | The high ATR as a percentage value for OPT suggests high volalility. |
| Average Directional Index/ADX (14) | 19.3 | NEGATIVE | The low ADX value for OPT 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)
NASDAQ:OPT (3/17/2025, 8:00:02 PM)
3.41
+0.23 (+7.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg7.23%
1 Week5.25%
2 Weeks-33.27%
1 Month-34.55%
3 Month2.09%
6 Month-14.08%
12 Month-1.16%
2 Year-13.67%
3 Year-47.7%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%14.61%
ATR Inc-35.25%
Range Today0.23
ADR(20)0.48
ADR(20)%14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.46
Mansfield-0.32
10 Day High5.17
10 Day Low3.03
20 Day High5.54
20 Day Low3.03
52 Week High6.3
52 Week Low1.79
CS1 End3.17
CR1 Start4.6
Volume & EV
DER(3)11.25%
DER(5)11.94%
Volume3.00K
Volume Incr-19.4%
Vol(5)33.34K
Vol(50)38.74K