Ocean Power (OPTT) Technical Analysis: Signals, Charts & Indicators

2.89 / 10

Underperform

Technicals rate Underperform with a 2.89/10 score. The only bullish signal is a Dark Cloud Cover (66.7% win rate). Four bearish cues dominate: MACD Death Cross, Long Upper/Lower Shadows, and MACD Golden Cross, indicating a weak downward bias.

Analysis Checks(1/5)

Long Upper Shadow

Score1.94/10

Win Rate41.54%

Hist. Signals65

Avg Return0.42%

Long Lower Shadow

Score1/10

Win Rate38.60%

Hist. Signals57

Avg Return-0.83%

MACD Death Cross

Score3.35/10

Win Rate41.67%

Hist. Signals12

Avg Return2.25%

MACD Golden Cross

Score1/10

Win Rate12.50%

Hist. Signals8

Avg Return-2.41%

Dark Cloud Cover

Score7.18/10

Win Rate66.67%

Hist. Signals3

Avg Return1.17%

What is the current technical signals for OPTT?

OPTT presents a Underperform setup with a Technical Score of 2.89/10. Key technical indicators highlight an RSI of 42.98 and a MACD of -0.00, with the trend anchored by the 50-Day SMA at 0.43. Traders should monitor key support at 0.34 and resistance at 0.36.