OCEAN POWER TECHNOLOGIES INC (OPTT) Technical Analysis
NYSEARCA:OPTT • US6748705067
Current stock price
0.3801 USD
0 (-0.37%)
At close:
0.3861 USD
+0.01 (+1.58%)
Pre-Market:
OPTT Technical Rating and Analysis
Overall OPTT gets a technical rating of 0 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, OPTT is a bad performer in the overall market: 80% of all stocks are doing better.
- OPTT is one of the lesser performing stocks in the Electrical Equipment industry. 66% of 91 stocks in the same industry do better.
- 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.
- In the last month OPTT has a been trading in the 0.32 - 0.40 range, which is quite wide. It is currently trading near the high of this range.
- OPTT has an average volume of 5879560 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 and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.39. Right above this resistance zone may be a good entry point.
More info and screens
OPTT Support and Resistance Analysis
0.34
0.65
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.39 to 0.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.41 from a trend line in the weekly time frame.
- Resistance @0.46 from a trend line in the weekly time frame.
- Resistance @0.64 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 | NEUTRAL | NEUTRAL | The short term trend for OPTT is neutral. |
| ChartMill Relative Strength | 20.72 | NEGATIVE | OPTT has a low relative strength, it was outperformed by 79.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OPTT is above a declining 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) | DOWN | NEGATIVE | The current price of OPTT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.6 | NEUTRAL | The RSI value for OPTT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OPTT has a positive trend. |
| Stochastics (14,3) | 80.13 | OVERBOUGHT | The high Stochastics value suggests OPTT may be overbought. |
| Average True Range in percent/ATR (20) | 7.25 | HIGH VOLATILITY | The high ATR as a percentage value for OPTT suggests high volalility. |
| Average Directional Index/ADX (14) | 7.78 | NEGATIVE | The low ADX value for OPTT suggests a weak or negative trend. |
OPTT Chart- and CandleStick Pattern Analysis
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)
OPTT Technicals: Chart, Performance Metrics, Trend & Indicators
0.3801
0 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-0.37%
1 Week3.91%
2 Weeks8.6%
1 Month-2.54%
3 Month-9.33%
6 Month-26.9%
12 Month-4.97%
2 Year96.94%
3 Year-25.19%
5 Year-84.86%
10 Year-98.99%
15 Year-99.96%
Volatility
ATR(14)0.03
ATR(20)%7.25%
ATR Inc-17.97%
Range Today0.02
ADR(20)0.03
ADR(20)%6.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.72
3 months CRS25.09
6 months CRS16.82
Mansfield-2.52
10 Day High0.4
10 Day Low0.33
20 Day High0.4
20 Day Low0.32
52 Week High0.9
52 Week Low0.29
CS1 End0.37
CR1 Start0.39
Volume & EV
DER(3)-9.37%
DER(5)-5.72%
Volume3.98M
Volume Incr-55.7%
Vol(5)2.69M
Vol(50)5.88M
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 0 / 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.
What is the RSI signal for OPTT stock?
OCEAN POWER TECHNOLOGIES INC (OPTT) has an RSI value of 50.5971. This indicates that the stock is currently neutral.
Can you provide the short term momentum for OCEAN POWER TECHNOLOGIES INC?
The short term momentum for OCEAN POWER TECHNOLOGIES INC (OPTT) is neutral.