OPTHEA LTD-SPON ADR (OPT) Technical Analysis
NASDAQ:OPT • US68386J2087
Current stock price
OPT Technical Rating and Analysis
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 54% of 519 stocks in the same industry.
- OPT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OPT is lagging the market slightly.
OPT Weekly and Daily overview Charts
OPT Setup Rating and Analysis
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
OPT Support and Resistance Analysis
2.17
3 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important area.
- Resistance @4.60 from a trend line in the daily time frame.
OPT Technical Indicator Signal Analysis
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. |
OPT Chart- and CandleStick Pattern Analysis
OPT Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:OPT (3/17/2025, 8:00:02 PM)
3.41
+0.23 (+7.23%)
OPTHEA LTD-SPON ADR / OPT TA FAQ
Can you provide the ChartMill technical rating for OPTHEA LTD-SPON ADR?
ChartMill assigns a technical rating of 1 / 10 to OPT.
Can you provide the trend direction for OPTHEA LTD-SPON ADR?
The current trend direction for OPTHEA LTD-SPON ADR (OPT) is Bearish.
What is the RSI signal for OPTHEA LTD-SPON ADR (OPT) stock?
OPTHEA LTD-SPON ADR (OPT) has an RSI value of 39.2755. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OPTHEA LTD-SPON ADR?
The MACD indicator for OPTHEA LTD-SPON ADR (OPT) has a value of -0.111426, indicating a bearish trend.
What is the short term momentum for OPT stock?
The short term momentum for OPTHEA LTD-SPON ADR (OPT) is negative.