SYNTEC OPTICS HOLDINGS INC (OPTX) Stock Technical Analysis
NASDAQ:OPTX - Nasdaq - US87169M1053 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to OPTX. In the last year, OPTX was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, OPTX is a bad performer in the overall market: 69% of all stocks are doing better.
OPTX is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 60% are performing better than OPTX.
OPTX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month OPTX has a been trading in the 1.44 - 2.50 range, which is quite wide. It is currently trading near the lows of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Considerably lower volume is observed in the last couple of days.
OPTX has a poor technical rating and the quality of the setup is also not perfect 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
1.30
2.34
We found 4 important support areas.
- A support zone ranging from 1.47 to 1.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.42 to 1.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.39 from a trend line in the daily time frame.
- Support @1.31 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.76 from a trend line in the weekly time frame.
- Resistance @2.13 from a trend line in the daily time frame.
- Resistance @2.32 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for OPTX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OPTX is neutral. |
| ChartMill Relative Strength | 31.63 | NEUTRAL | OPTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OPTX is below a declining 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) | 49.79 | NEUTRAL | The RSI value for OPTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests OPTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.62 | OVERSOLD | The low Stochastics value suggests OPTX may be oversold. |
| Average True Range in percent/ATR (20) | 12.42 | HIGH VOLATILITY | The high ATR as a percentage value for OPTX suggests high volalility. |
| Average Directional Index/ADX (14) | 32.45 | POSITIVE | The high ADX value value for OPTX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.6
+0.11 (+7.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg7.6%
1 Week-1.84%
2 Weeks-5.33%
1 Month-5.33%
3 Month-7.51%
6 Month0%
12 Month5.61%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%12.42%
ATR Inc-33.31%
Range Today0.16
ADR(20)0.19
ADR(20)%12.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.63
Mansfield-0.61
10 Day High1.75
10 Day Low1.44
20 Day High2.5
20 Day Low1.44
52 Week High5.1
52 Week Low0.85
CS1 End1.48
CR1 Start1.76
Volume & EV
DER(3)16.63%
DER(5)5.53%
Volume51.50K
Volume Incr-59.99%
Vol(5)59.96K
Vol(50)96.79K