ORIX - SPONSORED ADR (IX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IX - US6863301015 - ADR
We assign a technical rating of 10 out of 10 to IX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IX is showing a nice and steady performance.
IX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 29.50. Right above this resistance zone may be a good entry point. 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
25.17
2 important support areas can be observed.
- A support zone ranging from 26.03 to 26.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.50 to 29.67. 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 | 88.19 | POSITIVE | IX has a high relative strength, it outperformed 88.19% 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) | 65.32 | 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) | 79.97 | NEUTRAL | The Stochastics value for IX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for IX suggests low volalility. |
| Average Directional Index/ADX (14) | 35.89 | 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 |
|---|---|---|---|
| 29.68 | 28.76 | 0.92 (3.10%) | 25.00% |
| An entry @29.68. This is a Buy Stop order right above the resistance zone. | An exit @28.76. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.92 points, which is 3.10%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
29.49
+0.27 (+0.92%)
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 65.3204. 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 26.04 and a resistance level at 29.5. Check the full technical report for our detailed analysis of IX support and resistance levels.