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    Technical Analysis for OPTT - Ocean Power Technologies, Inc.

    Grade Last Price % Change Price Change
    F 0.19 0.53% 0.00
    OPTT closed up 1.33 percent on Wednesday, May 8, 2024, on 46 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
    2 Watchers
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Down Down Down
    Historical OPTT trend table...
    Date Alert Name Type % Chg
    NR7 Range Contraction 0.53%
    Inside Day Range Contraction 0.53%
    Wide Bands Range Expansion 0.53%
    Wide Bands Range Expansion 1.87%
    Gapped Up Strength 1.87%
    Down 3 Days in a Row Weakness 1.87%
    Wide Bands Range Expansion 0.79%
    Gapped Up Strength 0.79%
    Wide Bands Range Expansion 0.53%
    Spinning Top Other -4.98%
    Older End-of-Day Signals for OPTT ...

       Recent Intraday Alerts

    Alert Time
    2x Volume Pace 17 minutes ago
    1.5x Volume Pace 17 minutes ago
    3x Volume Pace 17 minutes ago
    Gapped Up (Full) 31 minutes ago
    Rose Above Previous Day's High 31 minutes ago
    View Earlier Intraday Alerts

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    OPTT Chart by TradingView
    Basic chart:

    Profile

    Ocean Power Technologies, Inc. engages in the development and commercialization of proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in the United States, Europe, Asia, and Australia. It offers utility PowerBuoy system to supply electricity to a local or regional electric power grid; and autonomous PowerBuoy system that is designed to generate power for use independent of the power grid in remote locations. The company sells its products to public utilities, independent power producers, and other governmental entities and agencies, as well as public and private entities that use electricity in and near the ocean. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Pennington, New Jersey.
    Classification
    Sector: Industrials
    Industry: Diversified Industrials
    Keywords: Electricity Renewable Energy Energy Conversion Power Producer Public Utilities Renewable Energy Technology Electrical Grid Renewable Energy In The United States

    Is OPTT a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    May 7 Red Cat Launches Robotics and Autonomous Systems Consortium to Bridge Critical UAS Technology Gaps for Warfighters
    May 6 Ocean Power Technologies Successfully Demonstrates Advanced AI Solutions in the North Atlantic
    Apr 30 Ocean Power Technologies Awarded Multi-Year NOAA ProTech Oceans IDIQ Contract
    Apr 24 Ocean Power Technologies Unveils Versatile New Generation of Buoy Systems
    Apr 22 Paragon Calls on Ocean Power to Cease Any and All Future Equity Raises That Dilute Existing Stockholders to Fund OPT's Losses and Executive Compensation
    Apr 17 Ocean Power Technologies looks to expand growth teaming with major defense contractor
    Apr 17 Ocean Power Technologies Announces Participation in NATO Digital Ocean Industry Symposium
    Apr 16 Ocean Power announces teaming agreement with defense contractor
    Apr 16 Ocean Power Technologies Announces Teaming Agreement with Major International Defense Contractor to Deploy Maritime Domain Awareness Solutions
    Apr 12 Paragon Technologies Files Complaint Alleging Ocean Power Technologies Failed to Achieve a Legitimate Quorum at its Annual Meeting of Shareholders
    See more OPTT news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 0.7689
    52 Week Low 0.1766
    Average Volume 690,496
    200-Day Moving Average 0.34
    50-Day Moving Average 0.25
    20-Day Moving Average 0.20
    10-Day Moving Average 0.19
    Average True Range 0.02
    RSI (14) 34.64
    ADX 34.44
    +DI 13.86
    -DI 21.95
    Chandelier Exit (Long, 3 ATRs) 0.21
    Chandelier Exit (Short, 3 ATRs) 0.22
    Upper Bollinger Bands 0.23
    Lower Bollinger Band 0.16
    Percent B (%b) 0.37
    BandWidth 34.64
    MACD Line -0.02
    MACD Signal Line -0.02
    MACD Histogram 0.0025
    Fundamentals Value
    Market Cap 11.17 Million
    Num Shares 58.8 Million
    EPS -0.52
    Price-to-Earnings (P/E) Ratio -0.37
    Price-to-Sales 4.99
    Price-to-Book 0.61
    PEG Ratio 0.00
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 0.20
    Resistance 3 (R3) 0.20 0.20 0.20
    Resistance 2 (R2) 0.20 0.20 0.20 0.20
    Resistance 1 (R1) 0.19 0.19 0.20 0.19 0.20
    Pivot Point 0.19 0.19 0.19 0.19 0.19
    Support 1 (S1) 0.19 0.19 0.19 0.19 0.18
    Support 2 (S2) 0.18 0.18 0.18 0.18
    Support 3 (S3) 0.18 0.18 0.18
    Support 4 (S4) 0.18