ORIX - SPONSORED ADR (IX) Stock Technical Analysis
NYSE:IX • US6863301015
Taking everything into account, IX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, IX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that IX is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, IX also shows a nice and consistent pattern of rising prices.
- IX is part of the Financial Services industry. There are 98 other stocks in this industry. IX outperforms 97% of them.
- 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.
- IX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Besides having an excellent technical rating, IX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
28.93
We found 4 important support areas.
- Support @35.14 from a horizontal line in the daily time frame.
- Support @32.49 from a trend line in the daily time frame.
- A support zone ranging from 31.15 to 31.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.35 to 36.61. 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 | 91.72 | POSITIVE | IX has a high relative strength, it outperformed 91.72% 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) | 69.01 | NEUTRAL | The RSI value for IX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests IX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.64 | NEUTRAL | The Stochastics value for IX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for IX suggests some volalility. |
| Average Directional Index/ADX (14) | 44.38 | POSITIVE | The high ADX value value for IX suggests a strong trend. |
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 |
|---|---|---|---|
| 36.62 | 35.13 | 1.49 (4.07%) | 24.58% |
| An entry @36.62. This is a Buy Stop order right above the resistance zone. | An exit @35.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.49 points, which is 4.07%. | For a 1.00% total portfolio risk, you can invest 24.58% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of IX. Please evaluate whether better entry and exit points can be found.
- 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.
35.62
+0.23 (+0.65%)
ORIX - SPONSORED ADR / IX FAQ
What is the ChartMill technical rating of ORIX - SPONSORED ADR (IX) stock?
ChartMill assigns a technical rating of 10 / 10 to IX.
Can you provide the trend direction for ORIX - SPONSORED ADR?
The current trend direction for ORIX - SPONSORED ADR (IX) is Bullish.
Can you provide the RSI signal for ORIX - SPONSORED ADR?
ORIX - SPONSORED ADR (IX) has an RSI value of 69.0079. This indicates that the stock is currently neutral.
What is the buy/sell signal for IX stock?
The buy/sell signal for ORIX - SPONSORED ADR (IX) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ORIX - SPONSORED ADR (IX) stock?
ORIX - SPONSORED ADR (IX) has a support level at 35.14 and a resistance level at 36.35. Check the full technical report for our detailed analysis of IX support and resistance levels.