OCEAN POWER TECHNOLOGIES INC (OPTT)       1.4  -0.05 (-3.45%)

1.4  -0.05 (-3.45%)

US6748705067 - Common Stock - After market: 1.4 0 (0%)

Technical Rating

Overall OPTT gets a technical rating of 7 out of 10. In the last year, OPTT was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.



Both the short term and long term trends are positive. This is a very positive sign.
In the last month OPTT has a been trading in the 0.68 - 1.49 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, OPTT did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
OPTT is an average performer in the Electrical Equipment industry, it outperforms 59% of 82 stocks in the same industry.
OPTT is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Statistics

1 Month 3 Months 6 Months 12 Months 105.88% 38.61% 32.08% -27.08% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 78.11 0.5 - 2.76
OPTT Weekly chart
OPTT Daily chart

Support/Resistance Analysis


1.39

1.47
We found 1 important resistance area.
  • Resistance @1.46 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

Although OPTT has an excellent technical rating, it does not present a decent entry opportunity 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.


OPTT Daily chart

OCEAN POWER TECHNOLOGIES INC1.4

NYSEARCA:OPTT (8/16/2022, 7:04:02 PM)-0.05 (-3.45%)

After market: 1.4 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Electrical Equipment
Performance
Today -3.45% 1 Week 21.74%
2 Weeks 35.92% 1 Month 105.88%
3 Month 38.61% 6 Month 32.08%
Volatility
ATR(14) 0.12 ATR(20)% 7.77%
ATR Inc 116.86% Range Today 0.2
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 78.11 Mansfield 0.29
10 Day High 1.49 10 Day Low 1.05
20 Day High 1.49 20 Day Low 0.68
52 Week High 2.76 52 Week Low 0.5
CS1 End N/A CR1 Start 1.46
Volume & EV
DER(3) 2.76% DER(5) 3.36%
Volume 1.03M Volume Incr -9.63%
Vol(5) 751.02K Vol(50) 882.19K

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