ORION ENERGY SYSTEMS INC (OESX) Stock Technical Analysis
NASDAQ:OESX - Nasdaq - US6862751087 - Common Stock - Currency: USD
Overall OESX gets a technical rating of 0 out of 10. OESX 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, OESX is a bad performer in the overall market: 92% of all stocks are doing better.
OESX is one of the lesser performing stocks in the Electrical Equipment industry. 68% of 94 stocks in the same industry do better.
OESX 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.
In the last month OESX has a been trading in the 0.56 - 0.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of OESX 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
0.62
0.85
We can see 3 important resistance areas.
- Resistance @0.69 from a horizontal line in the daily time frame.
- A resistance zone ranging from 0.79 to 0.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.84 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 OESX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OESX is neutral. |
| ChartMill Relative Strength | 8.65 | NEGATIVE | OESX has a low relative strength, it was outperformed by 91.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OESX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OESX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OESX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.67 | NEUTRAL | The RSI value for OESX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OESX has a positive trend. |
| Stochastics (14,3) | 65.96 | NEUTRAL | The Stochastics value for OESX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.85 | HIGH VOLATILITY | The high ATR as a percentage value for OESX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.59 | NEUTRAL | The ADX value for OESX suggests a possible start of a new trend. |
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)
0.625
-0.06 (-8.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-8.09%
1 Week6.27%
2 Weeks5.49%
1 Month-8.22%
3 Month-17.32%
6 Month-19.87%
12 Month-43.69%
2 Year-61.66%
3 Year-68.91%
5 Year-81.94%
10 Year-75.1%
15 Year-80.22%
Volatility
ATR(14)0.03
ATR(20)%5.85%
ATR Inc373.24%
Range Today0.09
ADR(20)0.04
ADR(20)%5.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.65
Mansfield-2.97
10 Day High0.69
10 Day Low0.56
20 Day High0.7
20 Day Low0.56
52 Week High1.12
52 Week Low0.56
CS1 EndN/A
CR1 Start0.69
Volume & EV
DER(3)9.82%
DER(5)6.8%
Volume168.20K
Volume Incr71.11%
Vol(5)180.42K
Vol(50)181.03K