ORIX - SPONSORED ADR (IX) Stock Technical Analysis
NYSE:IX • US6863301015
We assign a technical rating of 10 out of 10 to IX. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, IX did better than 92% of all other stocks. We also observe that the gains produced by IX over the past year are nicely spread over this period.
- IX is one of the better performing stocks in the Financial Services industry, it outperforms 100% of 98 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.
- 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. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
30.74
3 important support areas can be observed.
- A support zone ranging from 35.14 to 35.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.27 from a trend line in the daily time frame.
- A support zone ranging from 31.05 to 31.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance 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 | 92.1 | POSITIVE | IX has a high relative strength, it outperformed 92.1% 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) | 67.13 | NEUTRAL | The RSI value for IX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests IX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.49 | NEUTRAL | The Stochastics value for IX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for IX suggests some volalility. |
| Average Directional Index/ADX (14) | 46.8 | POSITIVE | The high ADX value value for IX suggests a strong trend. |
35.25
-0.09 (-0.25%)
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 67.1291. 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 35.24 and a resistance level at 36.35. Check the full technical report for our detailed analysis of IX support and resistance levels.