ORION SA (OEC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OEC - LU1092234845 - Common Stock
We assign a technical rating of 1 out of 10 to OEC. 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.
Although the technical rating is bad, OEC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OEC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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4.98
When analyzing the support we notice one important area.
- A support zone ranging from 5.03 to 5.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 5.27 to 5.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.66 to 5.75. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @6.55 from a trend line in the weekly time frame.
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 | 6.98 | NEGATIVE | OEC has a low relative strength, it was outperformed by 93.02% 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) | 53.29 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 69.75 | NEUTRAL | The Stochastics value for OEC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for OEC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.17 | NEGATIVE | The low ADX value for OEC suggests a weak or negative trend. |
5.26
-0.02 (-0.38%)
ORION SA / OEC FAQ
Can you provide the ChartMill technical rating for ORION SA?
ChartMill assigns a technical rating of 1 / 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 53.2888. 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 neutral.
Can you provide the support and resistance levels for ORION SA?
ORION SA (OEC) has a support level at 5.19 and a resistance level at 5.27. Check the full technical report for our detailed analysis of OEC support and resistance levels.