OPTINOSE INC (OPTN) Technical Analysis
NASDAQ:OPTN • US68404V2097
Current stock price
OPTN Technical Rating and Analysis
Overall OPTN gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OPTN is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- In the last month OPTN has a been trading in the 9.18 - 9.75 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Looking at the yearly performance, OPTN did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- OPTN is an average performer in the Pharmaceuticals industry, it outperforms 69% of 193 stocks in the same industry.
- OPTN 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 OPTN is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
OPTN Weekly and Daily overview Charts
OPTN Setup Rating and Analysis
Although OPTN has an excellent technical rating, it does not offer a high 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
OPTN Support and Resistance Analysis
5.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.99 to 9.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.73 from a trend line in the daily time frame.
- Support @5.29 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.70 to 9.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
OPTN 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 | UP | POSITIVE | The long term trend for OPTN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPTN is up. |
| ChartMill Relative Strength | 82.3 | POSITIVE | OPTN has a high relative strength, it outperformed 82.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPTN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPTN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OPTN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 72.36 | OVERBOUGHT | The high RSI value suggests OPTN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OPTN has a negative trend. |
| Stochastics (14,3) | 81.64 | OVERBOUGHT | The high Stochastics value suggests OPTN may be overbought. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for OPTN suggests low volalility. |
| Average Directional Index/ADX (14) | 55.14 | POSITIVE | The high ADX value value for OPTN suggests a strong trend. |
OPTN Chart- and CandleStick Pattern Analysis
OPTN Technicals: Chart, Performance Metrics, Trend & Indicators
9.6
-0.11 (-1.13%)
OPTINOSE INC / OPTN TA FAQ
What is the technical rating for OPTN stock?
ChartMill assigns a technical rating of 9 / 10 to OPTN.
What is the trend direction for OPTN stock?
The current trend direction for OPTINOSE INC (OPTN) is Bullish.
What is the RSI signal for OPTINOSE INC (OPTN) stock?
OPTINOSE INC (OPTN) has an RSI value of 72.3581. This indicates that the stock is currently overbought.
What is the MACD signal for OPTN stock?
The MACD indicator for OPTINOSE INC (OPTN) has a value of -0.0292512, indicating a bearish trend.
What is the support and resistance level for OPTN stock?
OPTINOSE INC (OPTN) has a support level at 9.06 and a resistance level at 9.7. Check the full technical report for our detailed analysis of OPTN support and resistance levels.