ORBITAL ENERGY GROUP INC (OEG) Technical Analysis
NASDAQ:OEG • US68559A1097
Current stock price
OEG Technical Rating and Analysis
Overall OEG gets a technical rating of 1 out of 10. OEG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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.
- 96% of all other stocks performed better in the past year than OEG.
- OEG is one of the lesser performing stocks in the Construction & Engineering industry. 74% of 55 stocks in the same industry do better.
- OEG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month OEG has a been trading in the 0.51 - 0.69 range, which is quite wide. It is currently trading near the high of this range.
- OEG has an average volume of 1602970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
OEG Weekly and Daily overview Charts
OEG Setup Rating and Analysis
The technical rating of OEG 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.
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OEG Support and Resistance Analysis
0.64
When analyzing the resistance we notice one important area.
- Resistance @0.88 from a trend line in the daily time frame.
OEG 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 OEG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OEG is neutral. |
| ChartMill Relative Strength | 4.29 | NEGATIVE | OEG has a low relative strength, it was outperformed by 95.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OEG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OEG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OEG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.04 | NEUTRAL | The RSI value for OEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OEG has a positive trend. |
| Stochastics (14,3) | 41.74 | NEUTRAL | The Stochastics value for OEG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.94 | HIGH VOLATILITY | The high ATR as a percentage value for OEG suggests high volalility. |
OEG Chart- and CandleStick Pattern Analysis
OEG Technicals: Chart, Performance Metrics, Trend & Indicators
0.6431
+0.05 (+8.08%)
ORBITAL ENERGY GROUP INC / OEG TA FAQ
Can you provide the ChartMill technical rating for ORBITAL ENERGY GROUP INC?
ChartMill assigns a technical rating of 1 / 10 to OEG.
Can you provide the trend direction for ORBITAL ENERGY GROUP INC?
The current trend direction for ORBITAL ENERGY GROUP INC (OEG) is Bearish.
What is the RSI signal for OEG stock?
ORBITAL ENERGY GROUP INC (OEG) has an RSI value of 51.0387. This indicates that the stock is currently neutral.
What are the support and resistance levels for ORBITAL ENERGY GROUP INC (OEG) stock?
ORBITAL ENERGY GROUP INC (OEG) has a resistance level at 0.88. Check the full technical report for our detailed analysis of OEG support and resistance levels.