OCEAN POWER TECHNOLOGIES INC (OPTT) Technical Analysis
NYSEARCA:OPTT • US6748705067
Current stock price
OPTT Technical Rating and Analysis
Overall OPTT gets a technical rating of 1 out of 10. OPTT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, OPTT is a bad performer in the overall market: 76% of all stocks are doing better.
- OPTT is one of the lesser performing stocks in the Electrical Equipment industry. 60% of 91 stocks in the same industry do better.
- OPTT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OPTT is lagging the market.
- In the last month OPTT has a been trading in the 0.36 - 0.52 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- OPTT has an average volume of 16430500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
OPTT Weekly and Daily overview Charts
OPTT Setup Rating and Analysis
OPTT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.37, a Stop Loss order could be placed below this zone.
More info and screens
OPTT Support and Resistance Analysis
0.35
We found 2 important support areas.
- A support zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.35 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.44 from a trend line in the weekly time frame.
- A resistance zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.66 from a trend line in the daily time frame.
OPTT 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 OPTT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OPTT is down. |
| ChartMill Relative Strength | 24.45 | NEGATIVE | OPTT has a low relative strength, it was outperformed by 75.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OPTT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OPTT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OPTT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.79 | NEUTRAL | The RSI value for OPTT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests OPTT has a negative trend. |
| Stochastics (14,3) | 22.31 | NEUTRAL | The Stochastics value for OPTT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.92 | HIGH VOLATILITY | The high ATR as a percentage value for OPTT suggests high volalility. |
| Average Directional Index/ADX (14) | 13.21 | NEGATIVE | The low ADX value for OPTT suggests a weak or negative trend. |
OPTT Chart- and CandleStick Pattern Analysis
OPTT Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:OPTT (3/17/2026, 9:38:43 PM)
After market: 0.3987 +0.01 (+2.23%)0.39
-0.02 (-5.55%)
OCEAN POWER TECHNOLOGIES INC / OPTT TA FAQ
What is the ChartMill technical rating of OCEAN POWER TECHNOLOGIES INC (OPTT) stock?
ChartMill assigns a technical rating of 1 / 10 to OPTT.
What is the current trend direction of OCEAN POWER TECHNOLOGIES INC (OPTT) stock?
The current trend direction for OCEAN POWER TECHNOLOGIES INC (OPTT) is Bearish.
Can you provide the RSI signal for OCEAN POWER TECHNOLOGIES INC?
OCEAN POWER TECHNOLOGIES INC (OPTT) has an RSI value of 44.7885. This indicates that the stock is currently neutral.
What is the buy/sell signal for OPTT stock?
The buy/sell signal for OCEAN POWER TECHNOLOGIES INC (OPTT) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for OCEAN POWER TECHNOLOGIES INC?
OCEAN POWER TECHNOLOGIES INC (OPTT) has a support level at 0.37 and a resistance level at 0.42. Check the full technical report for our detailed analysis of OPTT support and resistance levels.