SYNTEC OPTICS HOLDINGS INC (OPTX) Technical Analysis
NASDAQ:OPTX • US87169M1053
Current stock price
OPTX Technical Rating and Analysis
Overall OPTX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OPTX is showing a nice and steady performance.
- 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 99% of all stocks. We also observe that the gains produced by OPTX over the past year are nicely spread over this period.
- OPTX is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 99% 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.
- In the last month OPTX has a been trading in the 6.45 - 12.20 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
OPTX Weekly and Daily overview Charts
OPTX Setup Rating and Analysis
Although OPTX has an excellent technical rating, it does not present a decent entry opportunity 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.
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OPTX Support and Resistance Analysis
6.85
We found 2 important support areas.
- A support zone ranging from 7.28 to 7.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.92 from a trend line in the daily time frame.
OPTX Technical Indicator Signal Analysis
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 | 99.59 | POSITIVE | OPTX has a high relative strength, it outperformed 99.59% 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) | 68.49 | NEUTRAL | The RSI value for OPTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests OPTX has a positive trend. |
| Stochastics (14,3) | 85.67 | OVERBOUGHT | The high Stochastics value suggests OPTX may be overbought. |
| Average True Range in percent/ATR (20) | 10.27 | HIGH VOLATILITY | The high ATR as a percentage value for OPTX suggests high volalility. |
| Average Directional Index/ADX (14) | 31.15 | POSITIVE | The high ADX value value for OPTX suggests a strong trend. |
OPTX Chart- and CandleStick Pattern Analysis
OPTX Technicals: Chart, Performance Metrics, Trend & Indicators
11.28
-0.38 (-3.26%)
SYNTEC OPTICS HOLDINGS INC / OPTX TA 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 SYNTEC OPTICS HOLDINGS INC (OPTX) stock?
SYNTEC OPTICS HOLDINGS INC (OPTX) has an RSI value of 68.493. This indicates that the stock is currently neutral.
What is the MACD signal for SYNTEC OPTICS HOLDINGS INC (OPTX) stock?
The MACD indicator for SYNTEC OPTICS HOLDINGS INC (OPTX) has a value of 0.3412, indicating a bearish trend.
What are the support and resistance levels for SYNTEC OPTICS HOLDINGS INC (OPTX) stock?
SYNTEC OPTICS HOLDINGS INC (OPTX) has a support level at 7.29. Check the full technical report for our detailed analysis of OPTX support and resistance levels.