ORBITAL ENERGY GROUP INC (OEG) Stock Technical Analysis
NASDAQ:OEG - Nasdaq - US68559A1097 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to OEG. OEG 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, OEG is a bad performer in the overall market: 96% of all stocks are doing better.
OEG is one of the lesser performing stocks in the Construction & Engineering industry. 74% of 52 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.
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.
More info and screens
0.64
0.89
We found 1 important resistance area.
- Resistance @0.88 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 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. |
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)
0.6431
+0.05 (+8.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg8.08%
1 Week18%
2 Weeks21.34%
1 Month2.11%
3 Month-45.96%
6 Month-59.04%
12 Month-81.14%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%6.94%
ATR Inc120.7%
Range Today0.12
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.29
Mansfield-6.4
10 Day High0.7
10 Day Low0.51
20 Day High0.7
20 Day Low0.51
52 Week High3.67
52 Week Low0.51
CS1 EndN/A
CR1 Start0.88
Volume & EV
DER(3)7.41%
DER(5)6.74%
Volume3.02M
Volume Incr-9.91%
Vol(5)1.55M
Vol(50)1.60M