OCEAN POWER TECHNOLOGIES INC (OPTT) Stock Technical Analysis
NYSEARCA:OPTT - NYSE Arca - US6748705067 - Common Stock - Currency: USD
Taking everything into account, OPTT scores 2 out of 10 in our technical rating. Although OPTT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
OPTT is currently trading in the lower part of its 52 week range. But, the S&P500 Index is also trading in the lower part of its yearly range, so OPTT is not an exception.
In the last month OPTT has a been trading in the 0.30 - 0.63 range, which is quite wide. It is currently trading near the lows of this range.
OPTT is part of the Electrical Equipment industry. There are 97 other stocks in this industry. OPTT outperforms 91% of them.
OPTT has an average volume of 5230090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that OPTT is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Considerably lower volume is observed in the last couple of days.
OPTT has a poor technical rating and the quality of the setup is also only medium 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
0.32
0.40
4 important support areas can be observed.
- Support @0.36 from a trend line in the weekly time frame.
- Support @0.35 from a trend line in the daily time frame.
- Support @0.34 from a trend line in the daily time frame.
- A support zone ranging from 0.32 to 0.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @0.40 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.02
Mansfield1.49
10 Day High0.49
10 Day Low0.31
20 Day High0.63
20 Day Low0.3
52 Week High1.75
52 Week Low0.12
Performance
1 Week-9.66%
2 Weeks12.96%
1 Month-29.49%
3 Month-55.78%
6 Month149.33%
12 Month96.84%
2 Year-26.39%
3 Year-64.72%
5 Year-16.2%
10 Year-99.67%
15 Year-99.97%
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)0.01
RSI(14)39.52
LBB0.33
UBB0.45
0.374
-0.03 (-6.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-6.5%
1 Week-9.66%
2 Weeks12.96%
1 Month-29.49%
3 Month-55.78%
6 Month149.33%
12 Month96.84%
2 Year-26.39%
3 Year-64.72%
5 Year-16.2%
10 Year-99.67%
15 Year-99.97%
Volatility
ATR(14)0.06
ATR(20)%15.14%
ATR Inc-36.95%
Range Today0.03
ADR(20)0.05
ADR(20)%14.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.02
Mansfield1.49
10 Day High0.49
10 Day Low0.31
20 Day High0.63
20 Day Low0.3
52 Week High1.75
52 Week Low0.12
CS1 End0.36
CR1 Start0.4
Volume & EV
DER(3)-9.67%
DER(5)-5.82%
Volume1.89M
Volume Incr-47.58%
Vol(5)2.98M
Vol(50)5.23M