Earnings

Is OpGen, (NASDAQ:OPGN) Investing Its Way Into A Muddle?

OpGen, Inc. (NASDAQ:OPGN) fell by -1.02% in the last day from $0.31 to $0.30 and has now fallen 11 consecutive sessions. The price has fallen in 10 of the last 10 days and is down by -52.06% over the same course of time. Volume has increased in the last day by 0.78 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 2.33 M shares exchanged hands for about $703 490.

Inside OPGN’s Recent Trend

OpGen, Inc. (OPGN) lies in the middle of a very wide and falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -49.83% over the course of a quarter and, with 90% chance the price will be floating in the range of $0.09 and $0.30 in this timeframe.

OpGen, Inc. Technical Signals



OPGN has witnessed its long term and short term MA triggering a sell signal. Many traders watch for long-term averages to cross above short-term averages to signal the beginning of a downtrend. Upon corrections, the price will meet resistance from the averages between $0.37 and $0.61. A buy signal will be generated if it crosses above any of these levels. Its pivot point high generated sell signal on Friday June 23, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. OpGen gained volume on the last day, but on a weak note. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical sell-off’s.

OpGen, Inc. (NASDAQ:OPGN) Support And Resistance Levels

There is no support from accumulated volume below today’s level and given the right condition the stock may perform very badly in the next couple of days. In case of gains, the next resistance from accumulated volume will be at $0.32, $0.31 and $0.31.




OpGen, Inc. (OPGN) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.04 between high and low, or 13.01%. The average volatility for the past week stood at 19.88%.

OpGen is overbought on RSI14 (6). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.

 

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