Stock Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Ocean Power, Inc (NASDAQ:OPTT)
Long-Term Downtrend (-90) - OPTT is in a strong downtrend that is likely to continue. While OPTT is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid
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 Apr 4th, 2019 at 4.000
The intermediate-term trend has been DOWN since Feb 10th, 2020 at 0.800
The short-term trend has been DOWN since Feb 7th, 2020 at 0.803
Smart Scan Analysis for OPTT
Based on our trend formula, OPTT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||1.52||Year High Date||2018-03-19|
|Year Low||0.385||Year Low Date||2018-11-29|
|52wk High||16.2||52wk High Date||2019-04-03|
|52wk Low||0.74||52wk Low Date||2019-12-19|
|Year End Close||2.1401||Average Volume||274,075|
|Shares Outstanding||11,543||Short Interest||491,490|
|% Institutional||16||Market Cap||9M|