SYNTEC OPTICS HOLDINGS INC (OPTX) Technical Analysis
NASDAQ:OPTX • US87169M1053
Current stock price
OPTX Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to OPTX. Both in the recent history as in the last year, OPTX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, OPTX did better than 99% of all other stocks.
- OPTX is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 97% of 124 stocks in the same industry.
- OPTX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so OPTX is performing more or less in line with the market.
- OPTX has an average volume of 1266670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month OPTX has a been trading in the 5.59 - 8.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
OPTX Weekly and Daily overview Charts
OPTX Setup Rating and Analysis
Besides having an excellent technical rating, OPTX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 6.63, a Stop Loss order could be placed below this zone.
More info and screens
OPTX Support and Resistance Analysis
6.56
We found 1 important support area.
- A support zone ranging from 6.63 to 6.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @7.68 from a trend line in the daily time frame.
- Resistance @8.00 from a horizontal line in the daily time frame.
OPTX 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 OPTX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OPTX is neutral. |
| ChartMill Relative Strength | 99.41 | POSITIVE | OPTX has a high relative strength, it outperformed 99.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OPTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.39 | NEUTRAL | The RSI value for OPTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests OPTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.17 | NEUTRAL | The Stochastics value for OPTX is a neutral value. |
| Average True Range in percent/ATR (20) | 12.86 | HIGH VOLATILITY | The high ATR as a percentage value for OPTX suggests high volalility. |
| Average Directional Index/ADX (14) | 27.94 | POSITIVE | The high ADX value value for OPTX suggests a strong trend. |
OPTX Chart- and CandleStick Pattern Analysis
OPTX Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.69 | 6.62 | 1.07 (13.91%) | 7.19% |
| An entry @7.69. This is a Buy Stop order right above the resistance zone. | An exit @6.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.07 points, which is 13.91%. | When investing 7.19% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of OPTX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OPTX Technicals: Chart, Performance Metrics, Trend & Indicators
7.34
+0.7 (+10.54%)
SYNTEC OPTICS HOLDINGS INC / OPTX TA FAQ
What is the technical rating for OPTX stock?
ChartMill assigns a technical rating of 9 / 10 to OPTX.
What is the trend direction for OPTX stock?
The current trend direction for SYNTEC OPTICS HOLDINGS INC (OPTX) is Bullish.
What is the RSI signal for OPTX stock?
SYNTEC OPTICS HOLDINGS INC (OPTX) has an RSI value of 54.3943. This indicates that the stock is currently neutral.
What is the MACD signal for OPTX stock?
The MACD indicator for SYNTEC OPTICS HOLDINGS INC (OPTX) has a value of -0.0618754, indicating a bearish trend.
Can you provide the short term momentum for SYNTEC OPTICS HOLDINGS INC?
The short term momentum for SYNTEC OPTICS HOLDINGS INC (OPTX) is neutral.