OPTINOSE INC (OPTN) Stock Technical Analysis
NASDAQ:OPTN - Nasdaq - US68404V2097 - Common Stock - Currency: USD
Taking everything into account, OPTN scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, OPTN has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
OPTN is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 83% of 197 stocks in the same industry.
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.
When comparing the yearly performance of all stocks, we notice that OPTN is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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.
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
5.24
9.82
We found 3 important support 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.
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. |
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)
9.6
-0.11 (-1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.13%
1 Week1.59%
2 Weeks2.35%
1 Month4.69%
3 Month66.38%
6 Month33.33%
12 Month-42.34%
2 Year-48.8%
3 Year-68.86%
5 Year-85.19%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%1.1%
ATR Inc190.41%
Range Today0.24
ADR(20)0.1
ADR(20)%1.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.3
Mansfield-1.33
10 Day High9.75
10 Day Low9.37
20 Day High9.75
20 Day Low9.18
52 Week High20.02
52 Week Low4.82
CS1 End9.06
CR1 Start9.7
Volume & EV
DER(3)4.73%
DER(5)4.26%
Volume860.90K
Volume Incr771.14%
Vol(5)226.06K
Vol(50)132.44K