ORION SA (OEC) Technical Analysis
NYSE:OEC • LU1092234845
Current stock price
OEC Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to OEC. In the past year, OEC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, OEC is a bad performer in the overall market: 81% of all stocks are doing better.
- OEC is one of the lesser performing stocks in the Chemicals industry. 81% of 83 stocks in the same industry do better.
- OEC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OEC is lagging the market.
- In the last month OEC has a been trading in the 4.53 - 6.37 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
OEC Weekly and Daily overview Charts
OEC Setup Rating and Analysis
The technical rating of OEC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
OEC Support and Resistance Analysis
4.62
2 important support areas can be observed.
- Support @4.75 from a horizontal line in the daily time frame.
- Support @4.67 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @6.29 from a horizontal line in the daily time frame.
- Resistance @6.53 from a trend line in the daily time frame.
- Resistance @7.12 from a horizontal line in the weekly time frame.
OEC Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for OEC is up. |
| ChartMill Relative Strength | 19.69 | NEGATIVE | OEC has a low relative strength, it was outperformed by 80.31% 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 | MIXED | The current price of OEC is above 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) | 62.08 | NEUTRAL | The RSI value for OEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests OEC has a positive trend. |
| Stochastics (14,3) | 93.8 | OVERBOUGHT | The high Stochastics value suggests OEC may be overbought. |
| Average True Range in percent/ATR (20) | 5.54 | HIGH VOLATILITY | The high ATR as a percentage value for OEC suggests high volalility. |
| Average Directional Index/ADX (14) | 27.78 | POSITIVE | The high ADX value value for OEC suggests a strong trend. |
OEC Chart- and CandleStick Pattern Analysis
OEC Technicals: Chart, Performance Metrics, Trend & Indicators
6.28
+0.22 (+3.63%)
ORION SA / OEC TA FAQ
Can you provide the ChartMill technical rating for ORION SA?
ChartMill assigns a technical rating of 3 / 10 to OEC.
What is the trend direction for OEC stock?
The current trend direction for ORION SA (OEC) is Bearish.
What is the RSI signal for ORION SA (OEC) stock?
ORION SA (OEC) has an RSI value of 62.0795. This indicates that the stock is currently neutral.
What is the short term momentum for OEC stock?
The short term momentum for ORION SA (OEC) is positive.
Can you provide the support and resistance levels for ORION SA?
ORION SA (OEC) has a support level at 4.75 and a resistance level at 6.29. Check the full technical report for our detailed analysis of OEC support and resistance levels.