Technical Analysis for OPTT - Ocean Power Technologies, Inc.

Grade Last Price % Change Price Change
F 0.27 -1.12% 0.00
OPTT closed down 1.12 percent on Thursday, March 28, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
180 Bearish Setup Bearish Swing Setup 0.00%
Stochastic Buy Signal Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Hammer Candlestick Bullish -1.12%
Lizard Bullish Bullish Day Trade Setup -1.12%
Doji - Bullish? Reversal -1.12%
Lower Bollinger Band Walk Weakness -1.12%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 11 hours ago
60 Minute Opening Range Breakout about 14 hours ago
Up 1% about 14 hours ago
2x Volume Pace about 15 hours ago
1.5x Volume Pace about 15 hours ago

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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

Indicators

Indicator Value
52 Week High 0.7689
52 Week Low 0.249
Average Volume 406,990
200-Day Moving Average 0.39
50-Day Moving Average 0.30
20-Day Moving Average 0.28
10-Day Moving Average 0.28
Average True Range 0.02
RSI (14) 39.76
ADX 14.03
+DI 15.34
-DI 22.58
Chandelier Exit (Long, 3 ATRs) 0.26
Chandelier Exit (Short, 3 ATRs) 0.31
Upper Bollinger Bands 0.31
Lower Bollinger Band 0.26
Percent B (%b) 0.13
BandWidth 18.54
MACD Line -0.01
MACD Signal Line -0.01
MACD Histogram -0.0026
Fundamentals Value
Market Cap 15.58 Million
Num Shares 58.8 Million
EPS -0.52
Price-to-Earnings (P/E) Ratio -0.51
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) 0.28
Resistance 3 (R3) 0.28 0.27 0.27
Resistance 2 (R2) 0.27 0.27 0.27 0.27
Resistance 1 (R1) 0.27 0.27 0.27 0.27 0.27
Pivot Point 0.27 0.27 0.27 0.27 0.27
Support 1 (S1) 0.26 0.26 0.26 0.26 0.26
Support 2 (S2) 0.26 0.26 0.26 0.26
Support 3 (S3) 0.26 0.26 0.26
Support 4 (S4) 0.25