OCEAN POWER TECHNOLOGIES INC (OPTT) Stock Technical Analysis
NYSEARCA:OPTT - US6748705067 - Common Stock
0.5439 USD
+0.03 (+5.37%)
0.5514 USD
+0.01 (+1.38%)
Overall OPTT gets a technical rating of 5 out of 10. OPTT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
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.
OPTT is one of the better performing stocks in the Electrical Equipment industry, it outperforms 89% of 93 stocks in the same industry.
In the last month OPTT has a been trading in the 0.47 - 0.58 range, which is quite wide. It is currently trading near the high of this range.
OPTT has an average volume of 5646740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that OPTT is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
OPTT has an average technical rating and it also 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
0.39
0.83
When analyzing the support we can see 4 important areas.
- Support @0.49 from a trend line in the daily time frame.
- Support @0.48 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 @0.39 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.55 to 0.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.62 from a trend line in the weekly time frame.
- Resistance @0.70 from a trend line in the daily time frame.
- Resistance @0.82 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 | 96.99 | POSITIVE | OPTT has a high relative strength, it outperformed 96.99% 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 | POSITIVE | The current price of OPTT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.52 | 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) | 64.74 | NEUTRAL | The Stochastics value for OPTT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for OPTT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.77 | 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)
NYSEARCA:OPTT (8/27/2025, 7:53:17 PM)
After market: 0.5514 +0.01 (+1.38%)0.5439
+0.03 (+5.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg5.37%
1 Week12.21%
2 Weeks7.07%
1 Month1.64%
3 Month14.92%
6 Month-9.08%
12 Month200.17%
2 Year16.39%
3 Year-50.1%
5 Year-54.67%
10 Year-99.42%
15 Year-99.95%
Volatility
ATR(14)0.03
ATR(20)%6.1%
ATR Inc51.75%
Range Today0.06
ADR(20)0.03
ADR(20)%5.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.99
Mansfield0.59
10 Day High0.58
10 Day Low0.47
20 Day High0.58
20 Day Low0.47
52 Week High1.75
52 Week Low0.14
CS1 End0.49
CR1 Start0.55
Volume & EV
DER(3)-0.65%
DER(5)1.83%
Volume11.07M
Volume Incr-10.3%
Vol(5)4.56M
Vol(50)5.65M