Ocean Power Technologies (OPTT, $0.19) Aroon Indicator entered a Downtrend on April 30, 2024.

A.I.dvisor
at Tickeron.com
05/01/24
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OPTT - Ocean Power Technologies
Aroon signal
Bearish Trend
Odds of DOWN Trend
Aroon signal
Price: $0.193
Daily change: -$0.007 (-3.5%)
Daily volume: 1.2M
Capitalization: $11.5M
Industry: Industrial Machinery
For the last three days, A.I.dvisor has detected that OPTT's AroonDown red line is above 70 while the AroonUp green line is below 30 for three straight days. This move could indicate a strong downtrend ahead for OPTT, and traders may view it as a Sell signal for the next month. Traders may consider selling the stock or exploring put options. A.I.dvisor backtested this indicator and found 308 similar cases, of which were successful. Based on this data, the odds of success are
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OPTTDaily Signal changed days agoGain/Loss if shorted
 
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General Information

an electric power generation company

Industry IndustrialMachinery

Profile
Fundamentals
Details
Industry
Electrical Products
Address
28 Engelhard Drive
Phone
+1 609 730-0400
Employees
72
Web
https://www.oceanpowertechnologies.com