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Check the daily chart of Opal. The closing price of 2023-02-03 was USD 0.00234493 per share.

Opal Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Opal Daily Moving Averages ChartOpal Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Opal:

  • The Moving Average Convergence/Divergence (MACD) is 0.000. The Moving Average Convergence/Divergence (MACD) above zero is a bullish sign. +1
  • The MACD is lower than the signal line. This is a bearish indication. -1
Opal Daily Moving Average Convergence/Divergence (MACD) ChartOpal Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Opal:

  • The ADX is 66.680. Very Strong Trend. +2
  • The ADX is declining, the current trend is weakening. -1
  • The +DI is higher than the -DI. The current trend is up. +2
Opal Daily Directional Movement Index (DMI) ChartOpal Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is lower than the price. The current trend is up. +2
  • Opal Daily Parabolic SAR ChartOpal Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is above 50. +1
    Opal Daily Relative Strength Index (RSI) ChartOpal Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is above 50. +1
    Opal Daily Stochastic Oscillator ChartOpal Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    Opal Daily Commodity Channel Index (CCI) ChartOpal Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    Opal Daily Chande Momentum Oscillator (CMO) ChartOpal Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    Opal Daily Williams %R ChartOpal Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    Opal Daily Bollinger Bands ChartOpal Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    Opal Daily Average True Range (ATR) ChartOpal Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    Opal Daily On-Balance Volume (OBV) ChartOpal Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    Opal Daily Money Flow Index (MFI) ChartOpal Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    PenkeCurrently no notifications for Opal.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2023-01-25CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    2023-01-26CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    2023-01-27CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    2023-01-28RSI SHORT ENTRY LONG CLOSE70 crossover to downside
    STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    2023-01-29CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    2023-01-31STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    2023-02-01WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside

    5.2. Technical Score

    Let's check the technical score of Opal based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

    RsiGreater than5064.835
    Ma 20Greater thanMa 500.002
    Ma 50Greater thanMa 1000.002
    Ma 100Greater thanMa 2000.002
    OpenGreater thanClose0.002
    Total3/5 (60.0%)


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