OPTIMIZE STRATEGY INDEX ETF (OPTZ) Stock Technical Analysis
NASDAQ:OPTZ - Nasdaq - US00777X5389 - ETF - Currency: USD
Overall OPTZ gets a technical rating of 7 out of 10. OPTZ has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Warning: OPTZ has an average volume of 10532 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
OPTZ is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the performance of all stocks over the past year, OPTZ turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
OPTZ is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OPTZ is lagging the market slightly.
OPTZ has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 28.86, a Stop Loss order could be placed below this zone.
More info and screens
28.48
32.05
When analyzing the support we notice one important area.
- A support zone ranging from 28.77 to 28.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 29.25 to 29.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @30.37 from a horizontal line in the daily time frame.
- A resistance zone ranging from 31.16 to 31.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 OPTZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPTZ is up. |
| ChartMill Relative Strength | 67.27 | NEUTRAL | OPTZ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPTZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OPTZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OPTZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.2 | NEUTRAL | The RSI value for OPTZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests OPTZ has a negative trend. |
| Stochastics (14,3) | 50.71 | NEUTRAL | The Stochastics value for OPTZ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for OPTZ suggests low volalility. |
| Average Directional Index/ADX (14) | 29.61 | POSITIVE | The high ADX value value for OPTZ 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.26 | 28.76 | 0.49 (1.69%) | 25.00% |
| An entry @29.26. This is a Buy Stop order right above the 10 day moving average. | An exit @28.76. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.49 points, which is 1.69%. | For a 0.42% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of OPTZ. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:OPTZ (5/30/2025, 4:15:00 PM)
29.0575
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.13%
2 Weeks-1.71%
1 Month7.41%
3 Month0.33%
6 Month-7.02%
12 Month9.04%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%1.17%
ATR Inc-77.87%
Range Today0.03
ADR(20)0.18
ADR(20)%0.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.27
Mansfield-0.09
10 Day High29.79
10 Day Low28.77
20 Day High29.79
20 Day Low27.44
52 Week High31.72
52 Week Low23.25
CS1 End28.86
CR1 Start29.25
Volume & EV
DER(3)-1.85%
DER(5)-1.11%
Volume1.24K
Volume Incr-33.24%
Vol(5)3.23K
Vol(50)10.53K