Stock Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Ocean Power, Inc (NASDAQ:OPTT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for OPTT
The long term trend has been UP since Mar 12th, 2019 at 0.5002
The intermediate term trend has been UP since Mar 12th, 2019 at 0.3449
The short term trend has been DOWN since Mar 18th, 2019 at 4.7300
Smart Scan Analysis for OPTT
Based on a pre-defined weighted trend formula for chart analysis, OPTT scored +85 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||1.52||52wk High Date||2018-03-19|
|52wk Low||0.28||52wk Low Date||2018-12-11|
|Year End Close||2.1401||Average Volume||439,497|
|Shares Outstanding||2,511||Short Interest||491,490|
|% Institutional||16||Market Cap||5M|