ORIX - SPONSORED ADR (IX) Stock Technical Analysis
USA - NYSE:IX - US6863301015 - ADR
27.05 USD
+0.19 (+0.71%)
27.05 USD
0 (0%)
We assign a technical rating of 8 out of 10 to IX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IX is only an average performer.
The long and short term trends are both positive. This is looking good!
IX is one of the better performing stocks in the Financial Services industry, it outperforms 81% of 101 stocks in the same industry.
IX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IX has a been trading in the 25.63 - 27.21 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that IX is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this relatively good performance is mostly due to a recent big move.
IX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.80
27.33
3 important support areas can be observed.
- Support @25.44 from a horizontal line in the daily time frame.
- A support zone ranging from 24.46 to 24.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.99 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.06 to 27.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IX is up. |
| ChartMill Relative Strength | 77.81 | POSITIVE | IX has a high relative strength, it outperformed 77.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.04 | NEUTRAL | The RSI value for IX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests IX has a negative trend. |
| Stochastics (14,3) | 81.9 | OVERBOUGHT | The high Stochastics value suggests IX may be overbought. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for IX suggests low volalility. |
| Average Directional Index/ADX (14) | 38.03 | POSITIVE | The high ADX value value for IX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 27.07 | 26.28 | 0.79 (2.92%) | 25.00% |
| An entry @27.07. This is a Buy Stop order right above the resistance zone. | An exit @26.28. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.79 points, which is 2.92%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
27.05
+0.19 (+0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.71%
1 Week0.9%
2 Weeks3.17%
1 Month6.33%
3 Month27.29%
6 Month24.88%
12 Month12.79%
2 Year44.07%
3 Year91.38%
5 Year116.16%
10 Year108.3%
15 Year252.31%
Volatility
ATR(14)0.34
ATR(20)%1.28%
ATR Inc3.98%
Range Today0.22
ADR(20)0.24
ADR(20)%0.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.81
Mansfield1.04
10 Day High27.21
10 Day Low26.29
20 Day High27.21
20 Day Low25.63
52 Week High27.21
52 Week Low17.75
CS1 End25.44
CR1 Start27.06
Volume & EV
DER(3)2.12%
DER(5)0.9%
Volume111.60K
Volume Incr9.37%
Vol(5)142.24K
Vol(50)162.31K