Technical analysis from Opthea (OPT.AX.AX, ASX:OPT.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Opthea
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Daily trading has increased the bear power to drive prices for Opthea
Elder Ray Index /
Daily trading has increased the bear power to drive prices for Opthea

[BEARISH]: OptheaElder Ray Index is signalling a Bearish movementERI is -0.029 indicating bear power. Prices are being driven below the consensus of value for OPT during the last trading session [Selling Pressure]

[Weak Trend]: Average Directional Index @12 has confirmed a weak trend for OPT
Average Directional Movement /
[Weak Trend]: Average Directional Index @12 has confirmed a weak trend for OPT

[Weak Trend]: ADX for OPT has confirmed a weak trend is presentOpthea has an ATR(14) of 0.022, a DX of 1.31 & an ADX(14) of 12

MACD Volume /
Volume MACD oscillator is now negative for OPT

OPT: Volume MACD Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Detrended Price Oscillator /
[Bearish]: Displaced moving average is now above the price for OPT

[BEARISH]: Opthea currently has a confirmed downtrend. Price is currently below the displaced moving average for OPTCurrently, the return on DPO20 is 0.8%.

Pivot Points /
Limit order for a short position has been identified for Opthea [Bearish]

Opthea has broken the first support point ($0.664) [Bearish]. Look for a short limit order entry near this point. Exit price for OPT should be set @$0.657 & short position stoploss for Opthea should be set between $0.687 & $0.694

Elders Force Index /
[Bearish]: Elders Force Index (-364) confirms selling pressure

OPT: Elders Force Index Recent Trading -> (1) 11 Jan: -364 (2) 11 Jan: 113 (3) 11 Jan: 157

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Bill Williams Market Facilitation /
Market movement continuation likely for OPT as a result of Fake Day

Opthea Currently is a confirmed Fake Day. MFI indicator is up, volume is down for OPT. Trend continuation possible for OPT from reduced trading activity.

Opthea: Ulcer Index (6.004)
Ulcer Index /
Opthea: Ulcer Index (6.004)

[BULLISH]: Opthea UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.004.

The MACD for OPT is losing momentum through a fall on the short term EMA
MACD /
The MACD for OPT is losing momentum through a fall on the short term EMA

[BEARISH]: Opthea currently has negative MACD of -0.003000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -1.4%.

Daily Volume Index /
Accumulation DVI signal for Opthea is confirmed

[BULLISH]: Opthea current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Volume Rate of Change /
Negative VROC for Opthea is a leading indicator for continued price fall

[BEARISH]: Opthea currently has negative rate of change of -91%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.8%.

Price Range /
Opthea: Daily price range is 0.015 [Downtrend]

[BEARISH]: Opthea current downtrend in the first timeframe. Currently, the Range is $0.015.

[Downtrend]: Recent trading for OPT confirms bearish SMA(5) signal
Simple Moving Average /
[Downtrend]: Recent trading for OPT confirms bearish SMA(5) signal

[BULLISH]: Opthea currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.8%.

William %R oversold signal has just been triggered for Opthea
Williams %R /
William %R oversold signal has just been triggered for Opthea

[BEARISH]: Opthea is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Rate of Change /
Rate of change(14) is now decreasing for Opthea

[BEARISH CROSSOVER]: Opthea currently has negative rate of change of -1.5%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Average True Range /
Daily bar has confirmed has confirmed an ATR downtrend is intact for OPT

[Bearish]: Average True Range has confirmed an downtrend is present. Opthea has a TR of 0.015, and an ATR(14) of 0.022.

Closing Price /
Strong price performance from OPT has seen a higher close of 0.8 % [Uptrend]

[BULLISH]: Opthea current uptrend in the first timeframe. Currently, the Close is $0.67.

Stochastic oversold signal had been initiated for Opthea
Stochastic Oscillator /
Stochastic oversold signal had been initiated for Opthea

[BULLISH]: Opthea is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Opthea: Daily high performance is -2.9 % [Downtrend]
High Price /
Opthea: Daily high performance is -2.9 % [Downtrend]

OPT: HIGH Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BULLISH (3) 09 Jan: BEARISH

Sine Weighted Moving Average(5) signal is confirmed for Opthea indicating downward price movement is likely
Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal is confirmed for Opthea indicating downward price movement is likely

[BEARISH]: Opthea currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.8%.

Fibonacci Extensions /
Opthea has moved above the 161.8% extension level ($0.32) [Bearish]

Opthea has moved above the 161.8% level ($0.32) [Bearish]. Look for a short limit order entry near this point. Exit price for OPT should be set @$0.41 & short position stoploss for Opthea should be set at $0.23

Weighted Moving Average /
Opthea is in a short term downtrend with the resistance price @$0.68

OPT: WMA Recent Trading -> (1) 11 Jan: 0.68 (2) 11 Jan: 6.736 (3) 11 Jan: 2.054

Black Candle /
OPT Basic Candle: Black

[BEARISH]: Opthea has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Volume /
Recent trading for Opthea fell short of the previous volume by -72.6

OPT: VOLUME Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BULLISH (3) 09 Jan: BULLISH

[Bullish]: Opening performance for OPT of -1.4 % was achieved in last trading session
Opening Price /
[Bullish]: Opening performance for OPT of -1.4 % was achieved in last trading session

OPT: OPEN Current Signal -> (1) 11 Jan: BULLISH (2) 10 Jan: BULLISH (3) 09 Jan: BEARISH

Opthea: Triangular Moving Average(5) (0.702)
Triangular Moving Average /
Opthea: Triangular Moving Average(5) (0.702)

[BEARISH]: Opthea currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.8%.

Chaikin Money Flow /
Buying pressure for Opthea continues - bullish signal

[BULLISH]: Opthea current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.56. The bullish signal has been active for 2 days. During the quarter, the highest CMF value was 0.57

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