Stock Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Magnum Opus Acquisition Limited Class A Ordinary Shares (NYSE:OPA)
Sidelines Mode (-50) - OPA is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until OPA can gain momentum.
Is it time to buy, sell, or avoid OPA?
MarketClub looks at technical strength and momentum to determine if the timing is right for OPA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OPA
The long-term trend has been UP since Sep 2nd, 2022 at 9.8633
The intermediate-term trend has been DOWN since Mar 17th, 2023 at 10.1799
The short-term trend has been DOWN since Mar 16th, 2023 at 10.2100
Smart Scan Analysis for OPA
Based on our trend formula, OPA is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||10.555||52wk High Date||2023-03-16|
|52wk Low||9.74||52wk Low Date||2022-05-13|
|Average Volume||129,858||Shares Outstanding||25,000|