We assign a technical rating of 10 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 and short term trends are both positive. This is looking good!
- Looking at the yearly performance, OPTX did better than 96% of all other 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 91% of 123 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.
- OPTX has an average volume of 2997070 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 2.50 - 6.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although OPTX has an excellent technical rating, it 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
4.31
We found 1 important support area.
- A support zone ranging from 4.35 to 4.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.82 to 4.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 96.64 | POSITIVE | OPTX has a high relative strength, it outperformed 96.64% 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) | 64.94 | NEUTRAL | The RSI value for OPTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests OPTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.76 | NEUTRAL | The Stochastics value for OPTX is a neutral value. |
| Average True Range in percent/ATR (20) | 16.11 | HIGH VOLATILITY | The high ATR as a percentage value for OPTX suggests high volalility. |
| Average Directional Index/ADX (14) | 52.13 | POSITIVE | The high ADX value value for OPTX suggests a strong trend. |
4.81
+0.1 (+2.12%)
SYNTEC OPTICS HOLDINGS INC / OPTX 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 OPTX stock?
SYNTEC OPTICS HOLDINGS INC (OPTX) has an RSI value of 64.9435. 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 0.0688494, 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 positive.