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(OPTT) Ocean Power complete technical analysis [charts+indicators] | Buy/Sell Ocean Power | (OPTT) share price targets

Complete technical analysis of Ocean Power (OPTT) by charts plus indicators, forecast predictions and share price targets for Ocean Power (OPTT)

Ocean Power trades in USA in Public Utilities sector.

10 day averaged volume of Ocean Power is 1909589

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Jun 2021	2.52	2.52	2.56	2.41	0.852 times
16 Wed Jun 2021	2.53	2.36	2.53	2.35	0.832 times
15 Tue Jun 2021	2.37	2.49	2.49	2.32	0.818 times
14 Mon Jun 2021	2.49	2.56	2.61	2.48	0.774 times
11 Fri Jun 2021	2.59	2.53	2.59	2.47	0.628 times
10 Thu Jun 2021	2.46	2.61	2.63	2.43	0.994 times
09 Wed Jun 2021	2.55	2.62	2.74	2.52	1.488 times
08 Tue Jun 2021	2.56	2.62	2.68	2.40	1.465 times
07 Mon Jun 2021	2.59	2.47	2.65	2.43	1.495 times
04 Fri Jun 2021	2.43	2.39	2.48	2.33	0.777 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2.5, but if it comes below 2.5, then a intra day sell could be more profitable.
If you take a sell trade below 2.5, then use 2.5 as stoploss and 2.42 as target. However if you take a buy trade in stock , then use 2.5 as stoploss and 2.7 as target.

Share price targets for Ocean Power (OPTT)

Target Type	Value
Downside Target	1.82
Downside Target	2.12
Downside Target	2.18
Downside Target	2.30
Downside Target	2.40
Downside Target	2.47
Upside Target	2.54
Upside Target	2.61
Upside Target	2.74
Upside Target	3.21
Upside Target	3.42
Upside Target	4.22
Upside Target	6.15

Intraday share price targets for Ocean Power (OPTT)

Target Type	Value
Downside Intraday Target	2.36
Downside Intraday Target	2.19
Upside Intraday Target	2.65
Upside Intraday Target	2.77
Downside Intraday Target	2.48

Weekly technical analysis of Ocean Power (OPTT)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Jun 2021	2.52	2.56	2.61	2.32	0.54 times
11 Fri Jun 2021	2.59	2.47	2.74	2.40	1.822 times
04 Fri Jun 2021	2.43	2.40	2.48	2.30	4.489 times
28 Fri May 2021	2.39	2.46	2.47	2.32	0.224 times
28 Fri May 2021	2.39	2.25	2.47	2.12	1.052 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Ocean Power (OPTT)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Thu Jun 2021	2.52	2.40	2.74	2.30	0.749 times
28 Fri May 2021	2.39	2.54	2.54	1.82	0.775 times
30 Fri Apr 2021	2.51	3.38	3.42	2.18	0.416 times
31 Wed Mar 2021	3.31	3.80	4.22	2.13	0.707 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Ocean Power (OPTT)

Price action analysis of Ocean Power ( (OPTT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Ocean Power ( (OPTT) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ocean Power ( (OPTT) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Ocean Power stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Ocean Power in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ocean Power Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Ocean Power in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Ocean Power is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.52 and Ocean Power (OPTT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Ocean Power (OPTT) stock. Volume based technical analysis of Ocean Power (OPTT) stock is negative.

Ocean Power Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.