Technical Analysis for OPTT - Ocean Power Technologies, Inc.

Grade Last Price % Change Price Change
F 0.19 -2.96% -0.01
OPTT closed down 2.96 percent on Friday, May 17, 2024, on 3.65 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Volume Surge Other 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Stochastic Reached Oversold Weakness 0.00%
BB Squeeze + Upper Band Touch Range Contraction 0.00%
Gapped Up Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Oversold Stochastic Weakness 0.00%
Crossed Above 20 DMA Bullish -2.96%
Bollinger Band Squeeze Range Contraction -2.96%

   Recent Intraday Alerts

Alert Time
20 DMA Support 1 day ago
Down 3% 2 days ago
Down 2 % 2 days ago
Down 1% 2 days ago
Fell Below 10 DMA 2 days ago

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Profile

Ocean Power Technologies, Inc. engages in the development and commercialization of proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in the United States, Europe, Asia, and Australia. It offers utility PowerBuoy system to supply electricity to a local or regional electric power grid; and autonomous PowerBuoy system that is designed to generate power for use independent of the power grid in remote locations. The company sells its products to public utilities, independent power producers, and other governmental entities and agencies, as well as public and private entities that use electricity in and near the ocean. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Pennington, New Jersey.
Classification

Sector: Industrials
Industry: Diversified Industrials
Keywords: Electricity Renewable Energy Energy Conversion Power Producer Public Utilities Renewable Energy Technology Electrical Grid Renewable Energy In The United States

Is OPTT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.7689
52 Week Low 0.1766
Average Volume 809,976
200-Day Moving Average 0.32
50-Day Moving Average 0.23
20-Day Moving Average 0.19
10-Day Moving Average 0.19
Average True Range 0.02
RSI (14) 38.65
ADX 28.4
+DI 25.89
-DI 12.54
Chandelier Exit (Long, 3 ATRs) 0.18
Chandelier Exit (Short, 3 ATRs) 0.23
Upper Bollinger Bands 0.20
Lower Bollinger Band 0.18
Percent B (%b) 0.26
BandWidth 9.00
MACD Line -0.01
MACD Signal Line -0.01
MACD Histogram 0.0028
Fundamentals Value
Market Cap 10.99 Million
Num Shares 58.8 Million
EPS -0.52
Price-to-Earnings (P/E) Ratio -0.36
Price-to-Sales 4.99
Price-to-Book 0.61
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.22
Resistance 3 (R3) 0.22 0.21 0.21
Resistance 2 (R2) 0.21 0.21 0.21 0.21
Resistance 1 (R1) 0.20 0.20 0.20 0.20 0.21
Pivot Point 0.19 0.19 0.19 0.19 0.19
Support 1 (S1) 0.18 0.19 0.18 0.18 0.16
Support 2 (S2) 0.17 0.18 0.17 0.16
Support 3 (S3) 0.16 0.17 0.16
Support 4 (S4) 0.16