OPTIMUM COMMUNICATIONS INC-A (OPTU) Technical Analysis
NYSE:OPTU • US02156K1034
Current stock price
OPTU Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to OPTU. OPTU performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 100% of all other stocks performed better in the past year than OPTU.
- OPTU is one of the lesser performing stocks in the Media industry. 84% of 90 stocks in the same industry do better.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- OPTU has an average volume of 2214260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month OPTU has a been trading in the 1.20 - 1.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OPTU Weekly and Daily overview Charts
OPTU Setup Rating and Analysis
Although the technical rating is bad, OPTU does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.34, a Stop Loss order could be placed below this zone.
More info and screens
OPTU Support and Resistance Analysis
1.31
When analyzing the support we notice one important area.
- A support zone ranging from 1.32 to 1.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.40 to 1.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
OPTU 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 | UP | POSITIVE | The long term trend for OPTU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OPTU is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | OPTU has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OPTU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OPTU is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 51.5 | NEUTRAL | The RSI value for OPTU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OPTU has a positive trend. |
| Stochastics (14,3) | 56.29 | NEUTRAL | The Stochastics value for OPTU is a neutral value. |
| Average True Range in percent/ATR (20) | 6.87 | HIGH VOLATILITY | The high ATR as a percentage value for OPTU suggests high volalility. |
| Average Directional Index/ADX (14) | 13.5 | NEGATIVE | The low ADX value for OPTU suggests a weak or negative trend. |
OPTU Chart- and CandleStick Pattern Analysis
OPTU Technicals: Chart, Performance Metrics, Trend & Indicators
1.4
+0.08 (+6.06%)
OPTIMUM COMMUNICATIONS INC-A / OPTU TA FAQ
What is the ChartMill technical rating of OPTIMUM COMMUNICATIONS INC-A (OPTU) stock?
ChartMill assigns a technical rating of 2 / 10 to OPTU.
What is the trend direction for OPTU stock?
The current trend direction for OPTIMUM COMMUNICATIONS INC-A (OPTU) is Bullish.
What is the RSI signal for OPTIMUM COMMUNICATIONS INC-A (OPTU) stock?
OPTIMUM COMMUNICATIONS INC-A (OPTU) has an RSI value of 51.5011. This indicates that the stock is currently neutral.
What is the MACD signal for OPTIMUM COMMUNICATIONS INC-A (OPTU) stock?
The MACD indicator for OPTIMUM COMMUNICATIONS INC-A (OPTU) has a value of 0.0124055, indicating a bearish trend.
What is the short term momentum for OPTIMUM COMMUNICATIONS INC-A (OPTU) stock?
The short term momentum for OPTIMUM COMMUNICATIONS INC-A (OPTU) is neutral.