SYNTEC OPTICS HOLDINGS INC (OPTX) Technical Analysis
NASDAQ:OPTX • US87169M1053
Current stock price
OPTX Technical Rating and Analysis
Taking everything into account, OPTX scores 10 out of 10 in our technical rating. 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 and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that OPTX is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, OPTX also shows a nice and consistent pattern of rising prices.
- OPTX is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 98% of 124 stocks in the same industry.
- OPTX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OPTX is lagging the market slightly.
- In the last month OPTX has a been trading in the 6.45 - 12.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher 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. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
OPTX Support and Resistance Analysis
7.26
We found 3 important support areas.
- A support zone ranging from 9.09 to 9.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.65 to 7.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 7.33 to 7.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The short term trend for OPTX is up. |
| ChartMill Relative Strength | 99.25 | POSITIVE | OPTX has a high relative strength, it outperformed 99.25% 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) | 54.3 | NEUTRAL | The RSI value for OPTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OPTX has a negative trend. |
| Stochastics (14,3) | 49.11 | NEUTRAL | The Stochastics value for OPTX is a neutral value. |
| Average True Range in percent/ATR (20) | 13.75 | HIGH VOLATILITY | The high ATR as a percentage value for OPTX suggests high volalility. |
| Average Directional Index/ADX (14) | 31.51 | 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 |
|---|---|---|---|
| 9.99 | 9.08 | 0.91 (9.15%) | 10.93% |
| An entry @9.99. This is a Buy Stop order right above the 10 day moving average. | An exit @9.08. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.91 points, which is 9.15%. | For a 1.00% total portfolio risk, you can invest 10.93% of your capital in this trade. |
- 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
9.5
-0.25 (-2.56%)
SYNTEC OPTICS HOLDINGS INC / OPTX TA FAQ
What is the technical rating for OPTX stock?
ChartMill assigns a technical rating of 10 / 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 SYNTEC OPTICS HOLDINGS INC (OPTX) stock?
SYNTEC OPTICS HOLDINGS INC (OPTX) has an RSI value of 54.297. This indicates that the stock is currently neutral.
What is the MACD signal for SYNTEC OPTICS HOLDINGS INC (OPTX) stock?
The MACD indicator for SYNTEC OPTICS HOLDINGS INC (OPTX) has a value of -0.00712264, indicating a bearish trend.
What are the support and resistance levels for SYNTEC OPTICS HOLDINGS INC (OPTX) stock?
SYNTEC OPTICS HOLDINGS INC (OPTX) has a support level at 9.09. Check the full technical report for our detailed analysis of OPTX support and resistance levels.