OPT | Australian Securities Exchange

Opthea
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Opthea: Sellers are in control at the market close.
Close Tod Vs Range Tod /
Opthea: Sellers are in control at the market close.

[BEARISH]: Opthea sellers in control. There has been 4 consecutive days of prices closing in the lower part of the trading range for Opthea adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 4 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 25%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 2 days in the upper range giving a ratio of 2x.

Opthea: Momentum(14)
Momentum /
Opthea: Momentum(14)

[BEARISH]: Opthea currently has negative momentum of -0.06 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.7%.The largest downward momentum rally for the last 3 months is 2 days producing a return of -0.7%.

Simple Moving Average /
Simple Moving Average(15) signal continues for Opthea indicating downward price movement is likely

[BEARISH]: Opthea currently has a confirmed downtrend. Recent trading has caused the SMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -0.7%.

MACD /
Opthea: MACD oscillator (-0.0063)

OPT: MACD Current Signal -> (1) 22 Mar: BEARISH (2) 21 Mar: BEARISH (3) 20 Mar: BEARISH

Rate of Change /
Negative ROC: Price is trading lower for Opthea than 14 days ago

OPT: ROC Current Signal -> (1) 22 Mar: BEARISH (2) 21 Mar: BEARISH CROSSOVER (3) 20 Mar: BULLISH

On Balance Volume /
OPT.AX: Current trading activity signals OBV distribution is active

OPT: OBV Current Signal ->(1) 22 Mar: BEARISH (2) 21 Mar: BEARISH (3) 20 Mar: BEARISH

Opthea: Pivot Point ($0.727)
Pivot Points /
Opthea: Pivot Point ($0.727)

Opthea current pivot point is: 0.727. The current resistance levels are: (R2) $0.732: (R2) $0.732: (R3) $0.734: The current support levels are: (S1) $0.724: (S2) $0.722: (S3) $0.719

Detrended Price Oscillator /
Opthea: Detrended Price Oscillator(20) (-0.0289)

OPT: DPO Current Signal -> (1) 22 Mar: BEARISH (2) 21 Mar: BEARISH (3) 20 Mar: BEARISH

Opthea: 1.618 Fibonacci Extension ($0.67)
Fibonacci Extensions /
Opthea: 1.618 Fibonacci Extension ($0.67)

Opthea: The current Fibonacci Extension levels are: (23.61%) $0.78: (38.2%) $0.77: (50%) $0.76: (61.8%) $0.75The current support levels are: (78.6%) $0.74: (100%) $0.72: (138.2%) $0.69: (161.8%) $0.67: (261.8%) $0.59: (423.61%) $0.46

Opthea: Supertrend (0.701) has confirmed an uptrend is present
Supertrend /
Opthea: Supertrend (0.701) has confirmed an uptrend is present

[BULLISH]: Opthea has a current Supertrend of 0.701. This has change 0 points from yesterday.

Open Tod Vs Close Tod /
Opthea opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day.

[BEARISH STRONG]: Opthea opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 3 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 18.8%.

Volume Rate of Change /
Opthea: Rate of Change (54)

[BULLISH CROSSOVER]: Opthea currently has positive volume of change of 54%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.7%.

Aroon Oscillator /
Daily trading has confirmed an Aroon uptrend (36) for Opthea

[BULLISH]: Opthea has a current ARO(25) of 36. This has change 0 points from yesterday.

Confirmation of Opthea is currently being distributed
Accumulation / Distribution /
Confirmation of Opthea is currently being distributed

[BEARISH]: Opthea (ASX:OPT) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -51271.3.

Volume MACD for Opthea continues to lose momentum @-65051
MACD Volume /
Volume MACD for Opthea continues to lose momentum @-65051

[BEARISH]: Opthea currently has negative Volume MACD of -65051. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(15) for OPT

OPT: TMA Current Signal -> (1) 22 Mar: BEARISH (2) 21 Mar: BEARISH (3) 20 Mar: BEARISH

Daily Volume Index /
DVI: Distribution still active for OPT.AX

[BEARISH]: Opthea (ASX:OPT) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -168.

Close Tod Vs Close Yest /
The longest consecutive downswing rally over the last 12 months has been 3 days giving a total rally downward movement of -90.7%

[BEARISH]: Optheasellers are keener than buyers and are driving the price down. There has been 3 consecutive days of price decline for OPT adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -3.2 & the greatest daily negative change this year has been -90.7. The longest consecutive downswing rally over the last 12 months has been 3 days giving a total rally downward movement of -90.7%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -90.7%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.2x. Over the last month the average daily downward movement has been -1.000000%

Bearish conditions for OPT are likely to continue based on EFI (-495)
Elders Force Index /
Bearish conditions for OPT are likely to continue based on EFI (-495)

[BEARISH]: Opthea current price has highlighted recent selling pressure. Currently, the Elders Force Index is -495.

[Bearish]: Recent trading has driven price below the consensus of value for OPT
Elder Ray Index /
[Bearish]: Recent trading has driven price below the consensus of value for OPT

[BEARISH]: Opthea Elder Ray Index is signalling a Bearish movementERI is -0.02 indicating bear power. Prices are being driven below the consensus of value for OPT during the last trading session [Selling Pressure]

Opthea: 0.618 Fibonacci Retraction (0.67)
Fibonacci Retracements /
Opthea: 0.618 Fibonacci Retraction (0.67)

Opthea: The current Fibonacci Retraction levels are: (23.61%) $0.78: (38.2%) $0.69: (50%) $0.68: (61.8%) $0.67The current support levels are: (78.6%) $0.66: (100%) $0.64: (138.2%) $0.61: (161.8%) $0.59: (261.8%) $0.51: (423.61%) $0.38

Weighted Moving Average /
The WMA trend following signal is still current for Opthea [Bearish]

[BEARISH]: Opthea currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -0.7%.

Fibonacci Fans /
Opthea: 0.618 Fibonacci Fan ($1.79)

Opthea: The current Fibonacci Fan levels are: (23.61%) $2.08: (38.2%) $1.84: (50%) $1.81: (61.8%) $1.79The current support levels are: (78.6%) $1.76: (100%) $1.71: (138.2%) $1.63: (161.8%) $1.57: (261.8%) $1.36: (423.61%) $1.01

Percentage Price /
Opthea: Price Percentage Oscillator Crossover

[BEARISH CROSSOVER]: Opthea currently has negative PPO -0.111%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Demarks Pivot Points /
Opthea: DeMark Pivot ($0.7263)

Opthea current pivot point (DeMark) is: (R1) $0.728. The current pivot point (DeMark) is: (S1) $0.723.

OPT Basic Candle: Black Marubozu
Black Marubozu /
OPT Basic Candle: Black Marubozu

[BEARISH]: Opthea has formed a Black Marubozu candlestick. This means, OPT has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

[Downtrend]: Recent trading for OPT indicates ST trend is likely to continue
Sine Weighted Moving Average /
[Downtrend]: Recent trading for OPT indicates ST trend is likely to continue

OPT: SWMA Current Signal -> (1) 22 Mar: BEARISH (2) 21 Mar: BEARISH (3) 20 Mar: BEARISH

Stochastic Oscillator /
Opthea is still Overbought with the Stochastic Oscillator @0

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

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