ORIENT PAPER INC (ONP) Stock Technical Analysis
NYSEARCA:ONP - NYSE Arca - US68619F2056
We assign a technical rating of 0 out of 10 to ONP. ONP'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ONP is a bad performer in the overall market: 72% of all stocks are doing better.
ONP is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ONP is lagging the market.
ONP 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: ONP has an average volume of 17048 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of ONP 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
0.93
1.49
When analyzing the support we notice one important area.
- A support zone ranging from 0.94 to 0.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.97 to 0.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.02 from a horizontal line in the weekly time frame.
- Resistance @1.08 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.48 to 1.48. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for ONP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ONP is down. |
| ChartMill Relative Strength | 28.42 | NEGATIVE | ONP has a low relative strength, it was outperformed by 71.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ONP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ONP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ONP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.22 | NEUTRAL | The RSI value for ONP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ONP has a positive trend. |
| Stochastics (14,3) | 60.93 | NEUTRAL | The Stochastics value for ONP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.96 | MEDIUM VOLATILITY | The ATR as a percentage value for ONP suggests some 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)
NYSEARCA:ONP (7/31/2018, 8:10:49 PM)
0.97
+0.01 (+1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.15%
1 Week-1.02%
2 Weeks-3%
1 Month-4.9%
3 Month-17.09%
6 Month-28.15%
12 Month7.78%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%4.96%
ATR Inc-53.17%
Range Today0.02
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
CRS28.42
Mansfield-1.78
10 Day High1.02
10 Day Low0.85
20 Day High1.05
20 Day Low0.85
52 Week High2.45
52 Week Low0.75
CS1 End0.94
CR1 Start0.97
Volume & EV
DER(3)3.26%
DER(5)-4.27%
Volume9.40K
Volume Incr77.78%
Vol(5)26.56K
Vol(50)17.05K