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Stock Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

Opthea Limited - American Depositary Shares (NASDAQ:OPT)

Strong Downtrend (-100) - OPT is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, OPT continues to fall. Traders should use caution and set stops.

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

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

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

NASDAQ_OPT
Open High Low OPT Price Change
2.6000 2.6200 2.5700 2.5907 +0.0107
Entry Signal

MarketClub’s Trade Triangles for OPT

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 2.675

intermediate term down The intermediate-term trend has been DOWN since May 23rd, 2024 at 3.200

short term down The short-term trend has been DOWN since May 16th, 2024 at 3.510

Smart Scan Analysis for OPT

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

-100
Smart Scan Analysis for OPT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6000 2.6200 2.5700 2.5907 +0.0107
Prev. Close Volume Bid Ask Time
2.5000 7257 2024-06-06 14:41:29
52wk High4.452wk High Date2024-04-01
52wk Low1.652wk Low Date2023-10-27
Average Volume20,609Shares Outstanding9,300
Assets98,641,319MLiabilities104,494,497M
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