SYNTEC OPTICS HOLDINGS INC (OPTX) Stock Technical Analysis
USA - NASDAQ:OPTX - US87169M1053 - Common Stock
1.55 USD
-0.02 (-1.27%)
1.55 USD
0 (0%)
Taking everything into account, OPTX scores 2 out of 10 in our technical rating. OPTX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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 1.38 - 2.13 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that OPTX is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
OPTX is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 52% of 124 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
OPTX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.52, a Stop Loss order could be placed below this zone.
More info and screens
1.37
2.34
We found 4 important support areas.
- A support zone ranging from 1.52 to 1.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.48 from a horizontal line in the weekly time frame.
- Support @1.43 from a horizontal line in the daily time frame.
- Support @1.38 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.56 to 1.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.70 from a horizontal line in the weekly time frame.
- Resistance @2.07 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 | DOWN | NEGATIVE | The short term trend for OPTX is down. |
| ChartMill Relative Strength | 78.36 | POSITIVE | OPTX has a high relative strength, it outperformed 78.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OPTX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OPTX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OPTX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.48 | NEUTRAL | The RSI value for OPTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests OPTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.14 | OVERSOLD | The low Stochastics value suggests OPTX may be oversold. |
| Average True Range in percent/ATR (20) | 11.75 | HIGH VOLATILITY | The high ATR as a percentage value for OPTX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.73 | NEUTRAL | The ADX value for OPTX suggests a possible start of a new 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)
1.55
-0.02 (-1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.27%
1 Week0%
2 Weeks-8.82%
1 Month3.33%
3 Month13.14%
6 Month35.96%
12 Month22.05%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%11.75%
ATR Inc-52.25%
Range Today0.06
ADR(20)0.17
ADR(20)%10.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.36
Mansfield-1.3
10 Day High1.71
10 Day Low1.47
20 Day High2.13
20 Day Low1.38
52 Week High5.1
52 Week Low0.85
CS1 End1.52
CR1 Start1.56
Volume & EV
DER(3)-0.1%
DER(5)1.25%
Volume73.40K
Volume Incr-77.64%
Vol(5)73.10K
Vol(50)176.54K