Ocean Power Technologies Stock Pattern Recognition High Wave Candle

OPTT Stock  USD 0.18  0.02  12.50%   
Ocean Power pattern recognition tool provides the execution environment for running the High Wave Candle recognition and other technical functions against Ocean Power. Ocean Power value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of pattern recognition indicators. As with most other technical indicators, the High Wave Candle recognition function is designed to identify and follow existing trends. Ocean Power momentum indicators are usually used to generate trading rules based on assumptions that Ocean Power trends in prices tend to continue for long periods.

Recognition
The output start index for this execution was ten with a total number of output elements of fifty-one. The function generated a total of two valid pattern recognition events for the selected time horizon. The High-Wave Candle may signal Ocean Power Technologies market turn when observed in several bundles.

Ocean Power Technical Analysis Modules

Most technical analysis of Ocean Power help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ocean from various momentum indicators to cycle indicators. When you analyze Ocean charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Ocean Power Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ocean Power Technologies. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ocean Power Technologies based on widely used predictive technical indicators. In general, we focus on analyzing Ocean Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ocean Power's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Ocean Power's intrinsic value. In addition to deriving basic predictive indicators for Ocean Power, we also check how macroeconomic factors affect Ocean Power price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 2024 (projected)
Days Sales Outstanding180.11119.8453.7896.37
PTB Ratio0.830.650.590.56
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ocean Power's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.010.186.94
Details
Intrinsic
Valuation
LowRealHigh
0.010.166.92
Details
Naive
Forecast
LowNextHigh
00.196.95
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.130.150.17
Details

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Additional Tools for Ocean Stock Analysis

When running Ocean Power's price analysis, check to measure Ocean Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ocean Power is operating at the current time. Most of Ocean Power's value examination focuses on studying past and present price action to predict the probability of Ocean Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocean Power's price. Additionally, you may evaluate how the addition of Ocean Power to your portfolios can decrease your overall portfolio volatility.