Technical Analysis for OPTT - Ocean Power Technologies, Inc.

Grade Last Price % Change Price Change
grade F 2.06 -2.83% -0.06
OPTT closed down 4.93 percent on Wednesday, May 22, 2019, on 27 percent of normal volume. The bears made the stock sink to a new 52-week low. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical OPTT trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish -2.83%
Narrow Range Bar Range Contraction -2.83%
Lower Bollinger Band Walk Weakness -2.83%
New 52 Week Low Weakness -2.83%
Stochastic Reached Oversold Weakness -2.83%
Wide Bands Range Expansion -2.83%
Below Lower BB Weakness -2.83%
Down 3 Days in a Row Weakness -2.83%
Down 4 Days in a Row Weakness -2.83%
Down 5 Days in a Row Weakness -2.83%

Older signals for OPTT ...

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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.
Energy Electricity Renewable Energy Energy Conversion Public Utilities Electrical Grid Power Producers Renewable Energy Technology 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
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 23.8
52 Week Low 2.1178
Average Volume 1,335,085
200-Day Moving Average 8.1808
50-Day Moving Average 3.3716
20-Day Moving Average 2.5365
10-Day Moving Average 2.417
Average True Range 0.364
ADX 24.96
+DI 32.3377
-DI 24.8621
Chandelier Exit (Long, 3 ATRs ) 1.898
Chandelier Exit (Short, 3 ATRs ) 3.2098
Upper Bollinger Band 2.9376
Lower Bollinger Band 2.1354
Percent B (%b) -0.02
BandWidth 31.626257
MACD Line -0.2936
MACD Signal Line -0.3292
MACD Histogram 0.0356
Fundamentals Value
Market Cap 26.3 Million
Num Shares 12.4 Million
EPS -1.23
Price-to-Earnings (P/E) Ratio -1.72
Price-to-Sales 18.40
Price-to-Book 1.53
PEG Ratio 0.00
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.36
Resistance 3 (R3) 2.39 2.33 2.32
Resistance 2 (R2) 2.33 2.27 2.32 2.31
Resistance 1 (R1) 2.23 2.23 2.20 2.20 2.30
Pivot Point 2.17 2.17 2.16 2.16 2.17
Support 1 (S1) 2.07 2.11 2.04 2.04 1.94
Support 2 (S2) 2.01 2.07 2.00 1.93
Support 3 (S3) 1.90 2.01 1.92
Support 4 (S4) 1.88