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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that OPTX is one of the better performing stocks in the market, outperforming 97% 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 93% 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.
- OPTX has an average volume of 2933090 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 2.16 - 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 present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.09
We found 1 important support area.
- Support @4.13 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 | 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 | 97.78 | POSITIVE | OPTX has a high relative strength, it outperformed 97.78% 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) | 77.45 | OVERBOUGHT | The high RSI value suggests OPTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests OPTX has a positive trend. |
| Stochastics (14,3) | 45.86 | NEUTRAL | The Stochastics value for OPTX is a neutral value. |
| Average True Range in percent/ATR (20) | 14.23 | HIGH VOLATILITY | The high ATR as a percentage value for OPTX suggests high volalility. |
| Average Directional Index/ADX (14) | 50.14 | POSITIVE | The high ADX value value for OPTX suggests a strong trend. |
5.54
+1.39 (+33.49%)
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 77.4495. This indicates that the stock is currently overbought.
What is the MACD signal for OPTX stock?
The MACD indicator for SYNTEC OPTICS HOLDINGS INC (OPTX) has a value of 0.0979956, 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.