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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 1990470

Date Daily Closing Price Open High Low Volume
21 Wed Apr 2021 2.54 2.23 2.63 2.21 1.238 times
20 Tue Apr 2021 2.28 2.26 2.35 2.18 1.01 times
19 Mon Apr 2021 2.31 2.40 2.45 2.22 1.371 times
16 Fri Apr 2021 2.45 2.32 2.49 2.30 1.203 times
15 Thu Apr 2021 2.49 2.64 2.64 2.39 1.461 times
14 Wed Apr 2021 2.64 2.70 2.79 2.59 0.942 times
13 Tue Apr 2021 2.80 2.70 2.82 2.63 0.942 times
12 Mon Apr 2021 2.76 2.86 2.88 2.68 1.074 times
09 Fri Apr 2021 2.94 2.92 3.01 2.86 0.68 times
08 Thu Apr 2021 2.96 2.98 3.06 2.93 0.532 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2.5 as stoploss in an intra day buy trade for a target of 2.82. However, stock will show a bearish move below 2.5.

Share price targets for Ocean Power (OPTT)

Target Type Value
Downside Target 2.13
Downside Target 2.18
Downside Target 2.30
Downside Target 2.53
Upside Target 2.63
Upside Target 2.86
Upside Target 3.21
Upside Target 3.42
Upside Target 3.44
Upside Target 3.50
Upside Target 3.59
Upside Target 4.22
Upside Target 6.15
Upside Target 7.30

Intraday share price targets for Ocean Power (OPTT)

Target Type Value
Downside Intraday Target 2.27
Downside Intraday Target 2
Upside Intraday Target 2.72
Upside Intraday Target 2.9
Downside Intraday Target 2.45

Weekly technical analysis of Ocean Power (OPTT)

Date Weekly Closing Price Open High Low Volume
21 Wed Apr 2021 2.54 2.40 2.63 2.18 0.644 times
16 Fri Apr 2021 2.45 2.86 2.88 2.30 1.548 times
09 Fri Apr 2021 2.94 3.13 3.22 2.86 0.487 times
01 Thu Apr 2021 3.10 2.91 3.44 2.65 1.048 times
26 Fri Mar 2021 2.95 3.57 3.59 2.53 0.992 times

Price has moved up 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
21 Wed Apr 2021 2.54 3.38 3.42 2.18 0.284 times
31 Wed Mar 2021 3.31 3.80 4.22 2.13 0.729 times
26 Fri Feb 2021 3.67 4.35 6.15 3.21 0.384 times
29 Fri Jan 2021 4.01 2.70 7.30 2.54 4.75 times

Scroll below to view daily charts

Price has moved down 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)

Indicator Name Indicator Value Indicator Signal
ADX 24, 28, 7 Sell
MACD -1, -0Sell
Stochastics 20Sell
CCI -47Buy
RSI 59Buy
OBV -17322800Sell
VWAP 3Sell
ADL 0Sell
ROC -16Sell
Force Index 0Sell

Price action analysis of Ocean Power ( (OPTT) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 SELL signal for Ocean Power in short term and the sell signal is strong.

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

Ocean Power Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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 2.57 and Ocean Power (OPTT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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