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
+ Share
Supertrend for Opthea has signalled an uptrend is active
[BULLISH]: Opthea has a current Supertrend of 2.306. This has change 0 points from yesterday.
OPT Basic Candle: Short White
OPT: Basic Candlestick Current Signal -> (1) 20 Aug: BULLISH WEAK (2) 19 Aug: BEARISH (3) 16 Aug: BEARISH
OPT: Over the last 12 months there has been 1 trading days with the opening price in the lower shadow & the closing the price in the upper shadow
OPT: Open today versus close yesterday Recent Trading ->(1) 20 Aug: 0% (2) 19 Aug: 70.6% (3) 16 Aug: 39.1%
Overbought signal for the Relative Strength Index is still current for Opthea [OVERBOUGHT]
[BEARISH]: Opthea is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @80.8
The simple moving average and past price for OPT has confirmed bullish trading conditions
[BULLISH]: Opthea currently has a confirmed uptrend. Price is currently above the displaced moving average for OPT. Currently, the return on DPO20 is 4.2%.
OPT.AX: Bearish relationship forming between price & volume
[BEARISH]: Opthea current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.02. Opthea (ASX:OPT) received a confirmed CMF crossover days on the Aug 13 2019. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.05 occurring on the Aug 13 2019.
Tricklar blog
The WMA trend following signal is still current for Opthea [Bullish]
[BULLISH]: Opthea currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 4.2%.
Opthea: 1.618 Fibonacci Extension ($-0.73)
Opthea: The current Fibonacci Extension levels are: (23.61%) $2.55: (38.2%) $2.2: (50%) $1.92: (61.8%) $1.64The current support levels are: (78.6%) $1.24: (100%) $0.74: (138.2%) $-0.17: (161.8%) $-0.73: (261.8%) $-3.11: (423.61%) $-6.95
Positive VROC for OPT is a leading indicator for continued price rise
[BULLISH]: Opthea currently has positive volume of change of 204%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 4.2%.
Opthea: Pivot Point ($2.7)
Opthea current pivot point is: 2.7. The current resistance levels are: (R2) $2.85: (R2) $2.85: (R3) $2.95: The current support levels are: (S1) $2.65: (S2) $2.55: (S3) $2.5
Buying pressure for OPT highlights ability of buyers to drive the price upwards
OPT: Elder Ray Index Current Signal -> (1) 20 Aug: BULLISH (2) 19 Aug: BULLISH (3) 16 Aug: BULLISH
![[Bearish]: Opthea current trading has maintained the William %R to Overbought status](http://tricklar.com/ArticleImages/ASX/OPT/OPT_79.png
)
[Bearish]: Opthea current trading has maintained the William %R to Overbought status
[BULLISH]: Opthea is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.
![The Volume MACD continues to fall below the signal line for OPT [Bearish]](http://tricklar.com/ArticleImages/ASX/OPT/OPT_7.png
)
The Volume MACD continues to fall below the signal line for OPT [Bearish]
[BEARISH]: Opthea currently has negative Volume MACD of -356854. This means the signal line is less than the Volume MACD line signalling a bearish movement.
Oversold signal for the Stochastic Oscillator is still current for Opthea
OPT: Stochastic Oscillator Signal -> (1) 20 Aug: BULLISH (2) 19 Aug: BEARISH CROSSOVER (3) 16 Aug: NEUTRAL
Buyers continue to be keener than sellers for Opthea & are driving the price up.
[BULLISH]: Optheabuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for OPT adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 138.2 & the greatest daily positive change this year has been 138.2. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 176.7%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 176.7%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 3.000000%
OPT was difficult to move upward during the last trading day indicating a ST uptrend
OPT: EOM Current Signal -> (1) 20 Aug: BULLISH HARD (2) 19 Aug: BULLISH HARD (3) 16 Aug: BULLISH HARD
14-day momentum is increasing for Opthea
Opthea: DeMark Pivot ($2.7125)
Opthea current pivot point (DeMark) is: (R1) $2.825. The current pivot point (DeMark) is: (S1) $2.675.
OPT.AX: Current trading activity signals OBV accumulation is active
OPT: OBV Current Signal ->(1) 20 Aug: BULLISH (2) 19 Aug: BULLISH (3) 16 Aug: BULLISH
Opthea: 0.618 Fibonacci Fan ($-0.85)
Opthea: The current Fibonacci Fan levels are: (23.61%) $2.95: (38.2%) $-0.2: (50%) $-0.52: (61.8%) $-0.85The current support levels are: (78.6%) $-1.31: (100%) $-1.9: (138.2%) $-2.95: (161.8%) $-3.6: (261.8%) $-6.35: (423.61%) $-10.8
Price continues to trade above the Exponential Moving Average(15) for OPT
[BULLISH]: Opthea currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 4.2%.
Opthea: 0.618 Fibonacci Retraction (-0.73)
Opthea: The current Fibonacci Retraction levels are: (23.61%) $2.55: (38.2%) $-0.17: (50%) $-0.45: (61.8%) $-0.73The current support levels are: (78.6%) $-1.13: (100%) $-1.64: (138.2%) $-2.55: (161.8%) $-3.11: (261.8%) $-5.48: (423.61%) $-9.33
[Uptrend]: The Tricklar trendd has continued for OPT
[BULLISH]: Opthea is in an uptrend based on the Tricklar trend. The current rally number is 4 & the highest rally count for the LTM is 4. The highest rally for the month is 14
DVI: Accumulation still active for OPT.AX
[BULLISH]: Opthea (ASX:OPT) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 17398.
Opthea is in a short term uptrend with the support price @$2.109
[BULLISH]: Opthea currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 4.2%.
Opthea: Woodie Pivot ($2.713)
Opthea current pivot point (Woodie) is: $2.713. The current resistance levels are: (R1) $2.826: (R2) $2.863The current support levels are: (S1) $2.676: (S2) $2.563
A short term Hook Reversal has formed with Opthea
[BULLISH]: A short term Hook Reversal has formed with Opthea which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.7%.