SSR Mining Inc. ($SSRM) vs Opiant Pharmaceuticals, Inc. ($OPNT)

2019-08-16 | Welcome! Today we compared how two different stocks in the Precious Metals industry are trading: SSR Mining Inc. and Opiant Pharmaceuticals, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, SSR Mining Inc. opened at 15.68, got to a maximum price of 16.24 and dropped to as low as 15.53 before finishing the session at 16.23. In total there were 984000 shares traded, which is enough to conduct our analysis. Compare that now to Opiant Pharmaceuticals, Inc., which opened at 15.1, had a high of 15.64, a low of 14.23, closed at 14.62 and had a total volume of 43200.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator SSR Mining Inc. Opiant Pharmaceuticals, Inc.
Accumulation-distribution index 427.08618 43.8827
on-balance volume 15.7 15.26
chaikin money flow

1.53571 4.22222
force index

0.066 0.8448
ease of movement rating

-0.00055 0.00792
volume-price trend

3.43562 2.55347
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator SSR Mining Inc. Opiant Pharmaceuticals, Inc.
Average true range 0.27594 0.37793
Bolinger bands 15.81713 16.10593
Upper bollinger band 15.39287 13.33407
Lower bollinger band

15.53 14.23
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

15.81667 14.99
High band keltner channel

15.25667 14.45
Low band keltner channel

16.37667 15.53
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

15.53 14.23
Donchain channel low band

15.53 14.23
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator SSR Mining Inc. Opiant Pharmaceuticals, Inc.
Moving Average Convergence Divergence (MACD) trend_macd 0.02199
MACD signal 0.00187 0.01222
MACD difference 0.0015 0.00977
fast Exponential Moving Average (EMA) indicator

15.53 14.23
slow Exponential Moving Average (EMA) indicator

15.53 14.23
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.17516 0.51942
trix

14.13513 13.68986
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

66.66667 66.66667
Detrended Price Oscillator (DPO)

-2.70329 -2.10087
KST Oscillator (KST)

210.75437 173.20844
KST Oscillator (KST Signal)

210.75437 173.20844
KST difference

2.92359 20.1993
Ichimoku rating

15.96 15.37
Ichimoku B rating

15.96 15.37
Ichimoku visual trend A

13.54337 12.86293
Ichimoku visual trend B

14.39073 13.2855
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

4.0 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator SSR Mining Inc. Opiant Pharmaceuticals, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 100.0
True Strength Index (TSI) 100.0 100.0
ultimate oscillator

94.7429 70.71563
stochastic oscillator

126.78571 261.11111
stochastic oscillator signal

126.78571 261.11111
Williams %R rating

26.78571 161.11111
awesome oscillator

0.11207 -0.1205

RETURNS: That’s all for technical analysis. Now let’s just list the returns for SSR Mining Inc. and Opiant Pharmaceuticals, Inc..

Daily return 21.07544 17.32084
Daily log return 0.96124 6.66007
Cumulative return 0.96587 6.88686

So there you have it: our deep, grueling analysis comparing SSR Mining Inc. and Opiant Pharmaceuticals, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s SSR Mining Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether SSRM is strong or weak. Again – this is not a reliable indication of whether SSR Mining Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Opiant Pharmaceuticals, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

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