ORION SA (OEC) Stock Technical Analysis
NYSE:OEC • LU1092234845
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 86% of all other stocks performed better in the past year than OEC.
- OEC is one of the lesser performing stocks in the Chemicals industry. 86% 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.
- OEC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
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
5.48
We found 2 important support areas.
- A support zone ranging from 5.63 to 5.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.54 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @7.14 from a trend line in the daily 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 | DOWN | NEGATIVE | The short term trend for OEC is down. |
| ChartMill Relative Strength | 14.13 | NEGATIVE | OEC has a low relative strength, it was outperformed by 85.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OEC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OEC is below the rising 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) | 42.39 | NEUTRAL | The RSI value for OEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests OEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.28 | OVERSOLD | The low Stochastics value suggests OEC may be oversold. |
| Average True Range in percent/ATR (20) | 9.08 | HIGH VOLATILITY | The high ATR as a percentage value for OEC suggests high volalility. |
| Average Directional Index/ADX (14) | 31.1 | POSITIVE | The high ADX value value for OEC suggests a strong trend. |
5.69
+0.01 (+0.18%)
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 42.391. 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 negative.
Can you provide the support and resistance levels for ORION SA?
ORION SA (OEC) has a support level at 5.68 and a resistance level at 7.14. Check the full technical report for our detailed analysis of OEC support and resistance levels.