OMNILIT ACQUISITION CL A -23 (OPTXW) Stock Technical Analysis
NASDAQ:OPTXW - Nasdaq - - Currency: USD
We assign a technical rating of 7 out of 10 to OPTXW. In the past year, OPTXW was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
OPTXW is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OPTXW is lagging the market.
Warning: OPTXW has an average volume of 21172 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month OPTXW has a been trading in the 0.04 - 0.10 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.
When comparing the yearly performance of all stocks, we notice that OPTXW is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although OPTXW 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.
More info and screens
0.09
0.18
We can see 4 important resistance areas.
- Resistance @0.09 from a trend line in the daily time frame.
- A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.17 from a trend line in the daily time frame.
- Resistance @0.18 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 OPTXW is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPTXW is up. |
| ChartMill Relative Strength | 90.02 | POSITIVE | OPTXW has a high relative strength, it outperformed 90.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPTXW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPTXW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OPTXW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.89 | NEUTRAL | The RSI value for OPTXW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OPTXW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.75 | OVERBOUGHT | The high Stochastics value suggests OPTXW may be overbought. |
| Average True Range in percent/ATR (20) | 12.54 | HIGH VOLATILITY | The high ATR as a percentage value for OPTXW suggests high volalility. |
| Average Directional Index/ADX (14) | 19.61 | NEGATIVE | The low ADX value for OPTXW suggests a weak or negative 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)
NASDAQ:OPTXW (6/12/2025, 8:19:36 PM)
0.0888
-0.01 (-5.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.83%
1 Week36.62%
2 Weeks47.75%
1 Month80.12%
3 Month69.79%
6 Month48%
12 Month-11.11%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%12.54%
ATR Inc2.22%
Range Today0
ADR(20)0.01
ADR(20)%10.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.02
Mansfield0.52
10 Day High0.1
10 Day Low0.04
20 Day High0.1
20 Day Low0.04
52 Week High0.31
52 Week Low0.03
CS1 EndN/A
CR1 Start0.09
Volume & EV
DER(3)14.78%
DER(5)11.55%
Volume1.50K
Volume Incr185.38%
Vol(5)41.38K
Vol(50)21.17K