Australian Securities Exchange

Opthea
+ Share

Momentum(5) is increasing for Opthea
Momentum /
Momentum(5) is increasing for Opthea

OPT: MOM Current Signal -> (1) 14 Aug: BULLISH (2) 13 Aug: BULLISH CROSSOVER (3) 10 Aug: BULLISH CROSSOVER

OPT.AX: Commodity Channel Index has continued confirmed overbought trading conditions
Commodity Channel Index /
OPT.AX: Commodity Channel Index has continued confirmed overbought trading conditions

[BEARISH]: Opthea (ASX:OPT) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 129. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 234.

Close Tod Vs Close Yest /
Daily trading performance for OPT has initiated a short term uptrend

[BULLISH]: Optheabuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for OPT adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 8.6 & the greatest daily positive change this year has been 8.6. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 15.9%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 15.9%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.9x. Over the last month the average daily upward movement has been 4.600000%

Medium Trend /
Daily trading has maintained an Uptrend medium trend for Opthea

[BULLISH]: Opthea has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Aug 7 2018.

Sine Weighted Moving Average /
[Bullish]: SWMA(5) is serving as a support line for Opthea

OPT: SWMA Recent Trading -> (1) 14 Aug: 0.573 (2) 13 Aug: 0.557 (3) 10 Aug: 0.539

Detrended Price Oscillator /
DPO for OPT has confirmed price is currently above the displaced moving average

[BULLISH]: Opthea currently has a confirmed uptrend. Price is currently above the displaced moving average for OPT. Currently, the return on DPO20 is 2.6%.

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Exponential Moving Average /
The EMA trend following signal is still current for Opthea [Bullish]

[BULLISH]: Opthea currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 2.6%.

Opthea is in a short term uptrend with the support price @$0.545
Triangular Moving Average /
Opthea is in a short term uptrend with the support price @$0.545

[BULLISH]: Opthea currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 2.6%.

Distribution still active for Opthea
Accumulation / Distribution /
Distribution still active for Opthea

[BEARISH]: Opthea (ASX:OPT) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.45662e+007.

Simple Moving Average /
Opthea is in a short term uptrend with the closing price @$0.585

OPT: SMA(5) Current Signal -> (1) 14 Aug: BULLISH (2) 13 Aug: BULLISH (3) 10 Aug: BULLISH

Donchian Channels /
Closing price for OPT is still below the lower Donchian Band signalling a bullish movement

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

Aroon Oscillator /
Opthea: Aroon oscillator (16) has confirmed an uptrend is present

OPT: Aroon Oscillator Current Signal -> (1) 14 Aug: BULLISH (2) 13 Aug: BULLISH (3) 10 Aug: BULLISH

Opthea: Percentage Volume Oscillator (-29.99)
Percentage Volume /
Opthea: Percentage Volume Oscillator (-29.99)

[BEARISH]: Opthea currently has negative PVO -29.99%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 17.5%.

Opthea has broken below the 161.8% extension level ($3.49) [Bullish]
Fibonacci Extensions /
Opthea has broken below the 161.8% extension level ($3.49) [Bullish]

Opthea: The current Fibonacci Extension levels are: (23.61%) $0.57: (38.2%) $0.56: (50%) $0.55: (61.8%) $0.54The current support levels are: (78.6%) $0.53: (100%) $0.51: (138.2%) $0.48: (161.8%) $0.46: (261.8%) $0.37: (423.61%) $0.23

Chaikin Money Flow /
Chaikin Oscillator showing selling pressure for OPT.AX

[BEARISH]: Opthea current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.1. Opthea (ASX:OPT) received a confirmed CMF crossover days on the Mar 29 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.73 occurring on the Mar 29 2018.

On Balance Volume /
OBV: Distribution still active for Opthea

[BEARISH]: Opthea current price has highlighted recent distribution. Currently, the OBV is -1.32297e+007.

Woodie Pivot Point /
Opthea has broken the first Woodie resistance point ($0.585) [Bullish]

Opthea has broken the first Woodie resistance point ($0.585) [Bullish]. Look for a long limit order entry near this point. Exit price for OPT should be set @$0.585 & Stoploss for Opthea should be set at $0.585

Initiation of William %R overbought signal for Opthea
Williams %R /
Initiation of William %R overbought signal for Opthea

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

OPT: Volume Moving Average Convergence Divergence [Bullish]
MACD Volume /
OPT: Volume Moving Average Convergence Divergence [Bullish]

[BULLISH]: Opthea currently has positive Volume MACD of 8169. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Opthea has initiated a positive volume rate of change of 6150
Volume Rate of Change /
Opthea has initiated a positive volume rate of change of 6150

OPT: VROC Current Signal -> (1) 14 Aug: BULLISH CROSSOVER (2) 13 Aug: BEARISH CROSSOVER (3) 10 Aug: BEARISH CROSSOVER

Rate of Change /
Opthea currently has positive rate of change for 3.54

[BULLISH]: Opthea currently has positive rate of change of 3.54%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

MACD /
OPT: The return on MACD is 2.6%.

OPT: MACD Current Signal -> (1) 14 Aug: BULLISH (2) 13 Aug: BULLISH CROSSOVER (3) 10 Aug: BEARISH

Ulcer Index /
Recent downward trend has increased drawdown exposure associated with Opthea

[BULLISH]: Opthea UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.055.

Moving Average Envelope /
Overbought signal continues for Opthea indicating downward price movement is likely

[BEARISH]: Opthea current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 0.5775.

Opthea: Elder Ray Index is 0.027 [Bullish]
Elder Ray Index /
Opthea: Elder Ray Index is 0.027 [Bullish]

[BULLISH]: Opthea Elder Ray Index is signalling a Bullish movementERI is 0.027 indicating bull power. Prices are being driven above the consensus of value for OPT during the last trading session [Buying Pressure]

Long positions for Opthea should be set between $0.585 & $0.585
Demarks Pivot Points /
Long positions for Opthea should be set between $0.585 & $0.585

Opthea current pivot point (DeMark) is: (R1) $0.585. The current pivot point (DeMark) is: (S1) $0.585.

Stochastic Oscillator /
Opthea is still Overbought with the Stochastic Oscillator @88.2

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

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