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.
MarketClub’s Trade Triangles for OPTT
The long-term trend has been DOWN since Nov 8th, 2022 at 0.7000
The intermediate-term trend has been UP since Jan 9th, 2023 at 0.6625
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).
|52wk High||1.89||52wk High Date||2022-03-08|
|52wk Low||0.44||52wk Low Date||2023-01-03|
|Average Volume||308,335||Shares Outstanding||111,795|