Overall OPTX gets a technical rating of 7 out of 10. In the last year, OPTX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although OPTX has an excellent technical rating, it does not offer a high quality setup 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
1.23
We found 2 important support areas.
- A support zone ranging from 1.27 to 1.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.24 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.49 to 2.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.57 from a trend line in the weekly time frame.
- Resistance @2.78 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for OPTX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPTX is up. |
| ChartMill Relative Strength | 80.81 | POSITIVE | OPTX has a high relative strength, it outperformed 80.81% 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) | 70.99 | OVERBOUGHT | The high RSI value suggests OPTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests OPTX has a positive trend. |
| Stochastics (14,3) | 65.16 | NEUTRAL | The Stochastics value for OPTX is a neutral value. |
| Average True Range in percent/ATR (20) | 10.53 | HIGH VOLATILITY | The high ATR as a percentage value for OPTX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.42 | POSITIVE | The high ADX value value for OPTX suggests a strong trend. |
2.48
-0.01 (-0.4%)
SYNTEC OPTICS HOLDINGS INC / OPTX FAQ
What is the technical rating for OPTX stock?
ChartMill assigns a technical rating of 7 / 10 to OPTX.
Can you provide the trend direction for SYNTEC OPTICS HOLDINGS INC?
The current trend direction for SYNTEC OPTICS HOLDINGS INC (OPTX) is Bearish.
What is the RSI signal for OPTX stock?
SYNTEC OPTICS HOLDINGS INC (OPTX) has an RSI value of 70.9912. This indicates that the stock is currently overbought.
What is the short term momentum for SYNTEC OPTICS HOLDINGS INC (OPTX) stock?
The short term momentum for SYNTEC OPTICS HOLDINGS INC (OPTX) is positive.
Can you provide the support and resistance levels for SYNTEC OPTICS HOLDINGS INC?
SYNTEC OPTICS HOLDINGS INC (OPTX) has a support level at 1.29 and a resistance level at 2.49. Check the full technical report for our detailed analysis of OPTX support and resistance levels.