OCEAN POWER TECHNOLOGIES INC (OPTT) Stock Technical Analysis
USA - NYSEARCA:OPTT - US6748705067 - Common Stock
0.5281 USD
+0.02 (+3.69%)
0.514 USD
-0.01 (-2.67%)
Overall OPTT gets a technical rating of 6 out of 10. Although OPTT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
OPTT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Looking at the yearly performance, OPTT did better than 95% of all other stocks. On top of that, OPTT also shows a nice and consistent pattern of rising prices.
OPTT is part of the Electrical Equipment industry. There are 92 other stocks in this industry. OPTT outperforms 85% of them.
In the last month OPTT has a been trading in the 0.47 - 0.61 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
OPTT has an average volume of 5749500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
OPTT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.40
0.62
When analyzing the support we can see 4 important areas.
- Support @0.50 from a trend line in the daily time frame.
- Support @0.49 from a horizontal line in the weekly time frame.
- A support zone ranging from 0.47 to 0.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.40 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.54 from a trend line in the daily time frame.
- A resistance zone ranging from 0.58 to 0.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.61 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 | NEUTRAL | NEUTRAL | The long term trend for OPTT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OPTT is neutral. |
| ChartMill Relative Strength | 95.84 | POSITIVE | OPTT has a high relative strength, it outperformed 95.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPTT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OPTT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OPTT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.64 | NEUTRAL | The RSI value for OPTT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OPTT has a positive trend. |
| Stochastics (14,3) | 31.68 | NEUTRAL | The Stochastics value for OPTT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.66 | HIGH VOLATILITY | The high ATR as a percentage value for OPTT suggests high volalility. |
| Average Directional Index/ADX (14) | 16.1 | NEGATIVE | The low ADX value for OPTT 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)
0.5281
+0.02 (+3.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg3.69%
1 Week-8%
2 Weeks5.73%
1 Month10.27%
3 Month5.24%
6 Month-0.43%
12 Month191.61%
2 Year35.41%
3 Year-35.6%
5 Year-47.71%
10 Year-99.34%
15 Year-99.95%
Volatility
ATR(14)0.04
ATR(20)%6.66%
ATR Inc-23.88%
Range Today0.03
ADR(20)0.03
ADR(20)%6.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.84
Mansfield-0.32
10 Day High0.61
10 Day Low0.47
20 Day High0.61
20 Day Low0.47
52 Week High1.75
52 Week Low0.14
CS1 End0.5
CR1 Start0.54
Volume & EV
DER(3)0.91%
DER(5)-1.07%
Volume4.34M
Volume Incr84.82%
Vol(5)7.02M
Vol(50)5.75M