Stock Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
Ocean Power Technologies, Inc. (AMEX:OPTT)
Countertrend Down (-85) - OPTT is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for OPTT
The long-term trend has been DOWN since Aug 10th, 2023 at 0.480000
The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 0.580000
The short-term trend has been UP since Sep 14th, 2023 at 0.429599
Smart Scan Analysis for OPTT
Based on our trend formula, OPTT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||0.9929||52wk High Date||2022-10-06|
|52wk Low||0.3926||52wk Low Date||2023-09-21|
|Average Volume||240,055||Shares Outstanding||115,001|