OPTION CARE HEALTH INC (OPCH) Stock Technical Analysis
NASDAQ:OPCH - Nasdaq - US68404L2016 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to OPCH. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
OPCH is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
OPCH is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 73% of 106 stocks in the same industry.
OPCH is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so OPCH slightly outperforms the market at the moment.
OPCH has an average volume of 1941950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that OPCH is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although the technical rating is only medium, OPCH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 31.76, a Stop Loss order could be placed below this zone.
More info and screens
30.37
35.56
We found 2 important support areas.
- A support zone ranging from 31.37 to 31.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.68 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @32.06 from a trend line in the daily time frame.
- A resistance zone ranging from 33.76 to 33.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.74 to 35.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.43
Mansfield1.7
10 Day High34.98
10 Day Low30.85
20 Day High35.53
20 Day Low30.85
52 Week High35.53
52 Week Low21.39
Performance
1 Week-4.96%
2 Weeks-8.36%
1 Month-6.62%
3 Month9.81%
6 Month1.2%
12 Month3.02%
2 Year-0.4%
3 Year7.16%
5 Year123.92%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.32
RSI(14)39.78
LBB30.89
UBB35.68
32.02
-0.25 (-0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.77%
1 Week-4.96%
2 Weeks-8.36%
1 Month-6.62%
3 Month9.81%
6 Month1.2%
12 Month3.02%
2 Year-0.4%
3 Year7.16%
5 Year123.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.34
ATR(20)%3.49%
ATR Inc-33.81%
Range Today1.06
ADR(20)1.11
ADR(20)%3.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.43
Mansfield1.7
10 Day High34.98
10 Day Low30.85
20 Day High35.53
20 Day Low30.85
52 Week High35.53
52 Week Low21.39
CS1 End31.76
CR1 Start32.06
Volume & EV
DER(3)-0.68%
DER(5)-0.89%
Volume1.84M
Volume Incr66.11%
Vol(5)3.11M
Vol(50)1.94M