ORION SA (OEC) Stock Technical Analysis
NYSE:OEC - LU1092234845 - Common Stock
10.49 USD
+0.08 (+0.77%)
10.49 USD
0 (0%)
Taking everything into account, OEC scores 1 out of 10 in our technical rating. OEC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, OEC is a bad performer in the overall market: 91% of all stocks are doing better.
OEC is one of the lesser performing stocks in the Chemicals industry. 73% of 83 stocks in the same industry do better.
OEC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month OEC has a been trading in the 9.76 - 10.89 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
OEC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.42, a Stop Loss order could be placed below this zone.
More info and screens
10.18
11.65
We found 1 important support area.
- A support zone ranging from 10.28 to 10.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 10.57 to 10.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.12 from a trend line in the daily time frame.
- A resistance zone ranging from 11.35 to 11.53. 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 | DOWN | NEGATIVE | The long term trend for OEC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OEC is neutral. |
| ChartMill Relative Strength | 9.73 | NEGATIVE | OEC has a low relative strength, it was outperformed by 90.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OEC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OEC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OEC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.98 | NEUTRAL | The RSI value for OEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OEC has a positive trend. |
| Stochastics (14,3) | 61.28 | NEUTRAL | The Stochastics value for OEC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for OEC suggests some volalility. |
| Average Directional Index/ADX (14) | 8.47 | NEGATIVE | The low ADX value for OEC suggests a weak or negative 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)
10.49
+0.08 (+0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.77%
1 Week0.77%
2 Weeks0.38%
1 Month7.37%
3 Month-3.94%
6 Month-20.29%
12 Month-37.97%
2 Year-50.7%
3 Year-21.42%
5 Year-16.15%
10 Year-27.4%
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%3.89%
ATR Inc-6.94%
Range Today0.19
ADR(20)0.38
ADR(20)%3.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.73
Mansfield-2.91
10 Day High10.86
10 Day Low9.9
20 Day High10.89
20 Day Low9.76
52 Week High19.48
52 Week Low9.03
CS1 End10.42
CR1 Start10.57
Volume & EV
DER(3)-3.34%
DER(5)-3.08%
Volume383.69K
Volume Incr-48.39%
Vol(5)347.97K
Vol(50)560.65K