ORION PROPERTIES INC (ONL) Stock Technical Analysis
NYSE:ONL • US68629Y1038
We assign a technical rating of 7 out of 10 to ONL. In the last year, ONL was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long and short term trends are both positive. This is looking good!
- ONL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the performance of all stocks over the past year, ONL turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
- ONL is an average performer in the Diversified REITs industry, it outperforms 65% of 122 stocks in the same industry.
- ONL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ONL is lagging the market.
Besides having an excellent technical rating, ONL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.48, a Stop Loss order could be placed below this zone.
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1.96
We found 3 important support areas.
- A support zone ranging from 2.48 to 2.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.05 to 2.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.98 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.53 to 2.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.22 from a horizontal 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 | UP | POSITIVE | The long term trend for ONL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONL is up. |
| ChartMill Relative Strength | 65.44 | NEUTRAL | ONL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ONL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ONL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ONL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.01 | NEUTRAL | The RSI value for ONL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ONL has a negative trend. |
| Stochastics (14,3) | 22.03 | NEUTRAL | The Stochastics value for ONL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for ONL suggests some volalility. |
| Average Directional Index/ADX (14) | 32.29 | POSITIVE | The high ADX value value for ONL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.54 | 2.47 | 0.07 (2.91%) | 25.00% |
| An entry @2.54. This is a Buy Stop order right above the 10 day moving average. | An exit @2.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.07 points, which is 2.91%. | For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ONL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.52
+0.03 (+1.2%)
ORION PROPERTIES INC / ONL FAQ
What is the ChartMill technical rating of ORION PROPERTIES INC (ONL) stock?
ChartMill assigns a technical rating of 7 / 10 to ONL.
What is the current trend direction of ORION PROPERTIES INC (ONL) stock?
The current trend direction for ORION PROPERTIES INC (ONL) is Bullish.
Can you provide the RSI signal for ORION PROPERTIES INC?
ORION PROPERTIES INC (ONL) has an RSI value of 55.0052. This indicates that the stock is currently neutral.
What is the short term momentum for ONL stock?
The short term momentum for ORION PROPERTIES INC (ONL) is positive.
What are the support and resistance levels for ORION PROPERTIES INC (ONL) stock?
ORION PROPERTIES INC (ONL) has a support level at 2.48 and a resistance level at 2.53. Check the full technical report for our detailed analysis of ONL support and resistance levels.