Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Monday, January 30, 2023.

Ocean Power Technologies, Inc. (AMEX:OPTT)

Sidelines Mode (-55) - OPTT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid OPTT?

MarketClub looks at technical strength and momentum to determine if the timing is right for OPTT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low OPTT Price Change
0.7200 0.7200 0.6701 0.6800 -0.0300
Entry Signal

MarketClub’s Trade Triangles for OPTT

long term down The long-term trend has been DOWN since Nov 8th, 2022 at 0.7000

intermediate term up The intermediate-term trend has been UP since Jan 9th, 2023 at 0.6625

short term down The short-term trend has been DOWN since Jan 19th, 2023 at 0.6752

Smart Scan Analysis for OPTT

Based on our trend formula, OPTT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for OPTT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7200 0.7200 0.6701 0.6800 -0.0300
Prev. Close Volume Bid Ask Time
0.7107 196559 2023-01-30 15:59:51
52wk High1.8952wk High Date2022-03-08
52wk Low0.4452wk Low Date2023-01-03
Average Volume308,335Shares Outstanding111,795
P/E Ratio-3.75760000
Get a free daily analysis and signals for Ocean Power Technologies, Inc. (OPTT) - Request Your Free Report.