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

Opthea
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Recent trading for Opthea has surpassed the previous low by 1.0 %
Low Price /
Recent trading for Opthea has surpassed the previous low by 1.0 %

[BEARISH]: Opthea current uptrend in the first timeframe. Currently, the Low is $0.505 (1.0 %).

Recent trading for Opthea has surpassed the previous volume by 242.1
Volume /
Recent trading for Opthea has surpassed the previous volume by 242.1

[BULLISH]: Opthea current volume uptrend in the first timeframe. Volume for OPT is 182791 (242.1).

Average Directional Movement /
Opthea has signalled an Average Directional Index weak trend present

[Weak Trend]: ADX for OPT has confirmed a weak trend is present. Opthea has an ATR(14) of 0.019, a DX of 18.51 & an ADX(14) of 17.3

Woodie Pivot Point /
[Long]: Exit price for OPT should be set @$0.541

Opthea has broken the first Woodie resistance point ($0.527) [Bullish]. Look for a long limit order entry near this point. Exit price for OPT should be set @$0.541 & Stoploss for Opthea should be set at $0.491

Bill Williams Market Facilitation /
Trend continuation likely for OPT from increased trading activity

Opthea Currently is a confirmed Green Day. Both MFI & volume are down for OPT. Trend continuation likely for OPT from increased trading activity.

MACD /
Positive momentum on the MACD histogram for OPT is maintained & supports a bullish move is likely

[BULLISH]: Opthea currently has positive MACD of 0.0066. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 6.5%.

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Williams %R /
William %R Overbought signal is still current for Opthea [Bearish]

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

Long positions for Opthea should be set between $0.517 & $0.529
Pivot Points /
Long positions for Opthea should be set between $0.517 & $0.529

Opthea has broken the first resistance point ($0.529) [Bullish]. Look for a long limit order entry near this point. Exit price for OPT should be set @$0.542 & Stoploss for Opthea should be set between $0.492 & $0.479

Opthea: Aroon oscillator (52) has confirmed a strong uptrend is present
Aroon Oscillator /
Opthea: Aroon oscillator (52) has confirmed a strong uptrend is present

[BULLISH]: Opthea has a current ARU(25) of 100 and a current ARD(25) of 48

Volume Rate of Change /
Positive VROC: Volume is now higher for Opthea than 14 days ago

OPT: VROC Current Signal -> (1) 19 Jun: BULLISH CROSSOVER (2) 18 Jun: BEARISH (3) 15 Jun: BULLISH CROSSOVER

On Balance Volume /
OBV: Distribution still active for Opthea

OPT: OBV Current Signal ->(1) 19 Jun: BEARISH (2) 18 Jun: BEARISH (3) 15 Jun: BEARISH

Closing Price /
Strong price performance from OPT has seen a higher close of 2.0 % [Uptrend]

OPT: CLOSE Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: BEARISH

[Long]: Limit orders for Opthea should be set at $0.52
Demarks Pivot Points /
[Long]: Limit orders for Opthea should be set at $0.52

Opthea has broken the first DeMark resistance point ($0.5200) [Bullish]. Look for a long limit order entry near this point. Exit price for OPT should be set @$0.535 & Stoploss for Opthea should be set at $0.51

DVI: Distribution still active for Opthea
Daily Volume Index /
DVI: Distribution still active for Opthea

[BEARISH]: Opthea current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -13629.

Open Tod Vs Close Tod /
Open/close reversal confirmed for Opthea signalling the buyers have lost commitment

[BULLISH WEAK]: Opthea opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 40%. This suggests the buyers have lost commitment. Over the last 12 months there has been 14 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 5.3%. Over the last month there has been 4 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 33.3%.

Momentum /
Momentum continues to build for Opthea signalling a short term uptrend is likely

[BULLISH]: Opthea currently has positive momentum of 0.035. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 2%. The largest upward momentum rally for the last 3 months is 8 days producing a return of 8.5%.

Elders Force Index /
Price & volume confirms continued buying pressure for Opthea is likely

[BULLISH]: Opthea current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1281.

Opthea: Buyers are now becoming increasingly eager.
Range Tod Vs Range Yest /
Opthea: Buyers are now becoming increasingly eager.

[BULLISH]: Opthea buyers are increasingly eager. This is the first day buyers have increased eagerness for OPT adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.0750. & the greatest daily price range this year has been $0.3200. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.2x.

Stochastic Overbought signal had been maintained for Opthea
Stochastic Oscillator /
Stochastic Overbought signal had been maintained for Opthea

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

[Uptrend]: Recent trading for OPT indicates ST trend is likely to continue
Exponential Moving Average /
[Uptrend]: Recent trading for OPT indicates ST trend is likely to continue

[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 2.0%.

Chaikin Money Flow /
Chaikin Oscillator showing selling pressure for OPT

[BEARISH]: Opthea current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.85. 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 -0.96 occurring on the Mar 29 2018.

Sine Weighted Moving Average /
Opthea is in a short term uptrend with the support price @$0.505

[BULLISH]: Opthea currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 2.0%.

Detrended Price Oscillator /
Opthea: Detrended Price Oscillator(20) is 0.0363

[BULLISH]: Opthea currently has a confirmed uptrend. Price is currently above the displaced moving average for OPT. Currently, the return on DPO20 is 2.0%.

Moving Average Envelope /
Initiation of overbought signal for Opthea [Bearish Crossover]

[BEARISH CROSSOVER]: Opthea current price has driven Envelope Bands to become overbought signalling the start of bearish trading conditions. Currently, the Upper Band is 0.5145.

[Bullish]: Elder Ray Index is 0.036 indicating bull power
Elder Ray Index /
[Bullish]: Elder Ray Index is 0.036 indicating bull power

[BULLISH]: Opthea Elder Ray Index is signalling a Bullish movementERI is 0.036 indicating bull power. Prices are being driven above the consensus of value for OPT during the last trading session [Buying Pressure]

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

[BEARISH]: Opthea current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.36465e+007.

High Price /
Strong price performance from OPT has seen a higher high of 5.0 % [Uptrend]

[BULLISH]: Opthea current uptrend in the first timeframe. Currently, the HIGH is 5.0 %.

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