Taking everything into account, OPTXW scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OPTXW is showing a nice and steady performance.
Although OPTXW has an excellent technical rating, it does not present a decent entry opportunity 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
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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 OPTXW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPTXW is up. |
| ChartMill Relative Strength | 99.58 | POSITIVE | OPTXW has a high relative strength, it outperformed 99.58% 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) | UP | POSITIVE | The current price of OPTXW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.38 | OVERBOUGHT | The high RSI value suggests OPTXW may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OPTXW has a positive trend. |
| Stochastics (14,3) | 92.23 | OVERBOUGHT | The high Stochastics value suggests OPTXW may be overbought. |
| Average True Range in percent/ATR (20) | 12.6 | HIGH VOLATILITY | The high ATR as a percentage value for OPTXW suggests high volalility. |
| Average Directional Index/ADX (14) | 37.39 | POSITIVE | The high ADX value value for OPTXW suggests a strong trend. |
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OMNILIT ACQUISITION CL A -23 / OPTXW FAQ
What is the ChartMill technical rating of OMNILIT ACQUISITION CL A -23 (OPTXW) stock?
ChartMill assigns a technical rating of 10 / 10 to OPTXW.
Can you provide the trend direction for OMNILIT ACQUISITION CL A -23?
The current trend direction for OMNILIT ACQUISITION CL A -23 (OPTXW) is Bullish.
Can you provide the RSI signal for OMNILIT ACQUISITION CL A -23?
OMNILIT ACQUISITION CL A -23 (OPTXW) has an RSI value of 80.3767. This indicates that the stock is currently overbought.
What is the MACD signal for OPTXW stock?
The MACD indicator for OMNILIT ACQUISITION CL A -23 (OPTXW) has a value of 0.0293658, indicating a bearish trend.
What is the short term momentum for OMNILIT ACQUISITION CL A -23 (OPTXW) stock?
The short term momentum for OMNILIT ACQUISITION CL A -23 (OPTXW) is positive.