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Check the daily chart of Opium. The closing price of 2023-02-03 was USD 0.12852434 per share.

Opium 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

Opium Daily Moving Averages ChartOpium 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 Opium:

  • The Moving Average Convergence/Divergence (MACD) is 0.004. The Moving Average Convergence/Divergence (MACD) above zero is a bullish sign. +1
  • The MACD is higher than the signal line. This is a bullish indication. +1
Opium Daily Moving Average Convergence/Divergence (MACD) ChartOpium 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 Opium:

  • The ADX is 26.020. Strong Trend. +1
  • The ADX is rising, the current trend is strengthening. +1
  • The +DI is higher than the -DI. The current trend is up. +2
Opium Daily Directional Movement Index (DMI) ChartOpium 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
  • Opium Daily Parabolic SAR ChartOpium 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
    Opium Daily Relative Strength Index (RSI) ChartOpium 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
    • The Stochastic is above 70 and overbought. +2
    Opium Daily Stochastic Oscillator ChartOpium Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    Opium Daily Commodity Channel Index (CCI) ChartOpium Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    Opium Daily Chande Momentum Oscillator (CMO) ChartOpium Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    Opium Daily Williams %R ChartOpium Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    Opium Daily Bollinger Bands ChartOpium Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    Opium Daily Average True Range (ATR) ChartOpium Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    Opium Daily On-Balance Volume (OBV) ChartOpium Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    Opium Daily Money Flow Index (MFI) ChartOpium Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    PenkeCurrently no notifications for Opium.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    STOCH SHORT ENTRY LONG CLOSE80 crossover to downside

    5.2. Technical Score

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

    Penke's Symbol Scanner

    RsiGreater than5064.086
    Ma 20Greater thanMa 500.120
    Ma 50Greater thanMa 1000.108
    Ma 100Greater thanMa 2000.116
    OpenGreater thanClose0.121
    Total2/5 (40.0%)


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