OR ROYALTIES INC (OR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OR - CA68390D1069 - Common Stock
Taking everything into account, OR scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OR is showing a nice and steady performance.
Besides having an excellent technical rating, OR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 34.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.85, a Stop Loss order could be placed below this zone.
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21.20
When analyzing the support we can see 4 important areas.
- A support zone ranging from 31.93 to 32.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.83 from a horizontal line in the daily time frame.
- Support @30.00 from a horizontal line in the daily time frame.
- Support @21.41 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.20 to 34.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 OR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OR is up. |
| ChartMill Relative Strength | 92.14 | POSITIVE | OR has a high relative strength, it outperformed 92.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.13 | NEUTRAL | The RSI value for OR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests OR has a positive trend. |
| Stochastics (14,3) | 90.34 | OVERBOUGHT | The high Stochastics value suggests OR may be overbought. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for OR suggests some volalility. |
| Average Directional Index/ADX (14) | 20.54 | NEUTRAL | The ADX value for OR suggests a possible start of a new 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 |
|---|---|---|---|
| 34.21 | 31.35 | 2.86 (8.36%) | 11.96% |
| An entry @34.21. This is a Buy Stop order right above the resistance zone. | An exit @31.35. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.86 points, which is 8.36%. | When investing 11.96% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
34.19
+0.61 (+1.82%)
OR ROYALTIES INC / OR FAQ
What is the ChartMill technical rating of OR ROYALTIES INC (OR) stock?
ChartMill assigns a technical rating of 9 / 10 to OR.
Can you provide the trend direction for OR ROYALTIES INC?
The current trend direction for OR ROYALTIES INC (OR) is Bullish.
What is the RSI signal for OR ROYALTIES INC (OR) stock?
OR ROYALTIES INC (OR) has an RSI value of 55.1276. This indicates that the stock is currently neutral.
What is the buy/sell signal for OR ROYALTIES INC (OR) stock?
The buy/sell signal for OR ROYALTIES INC (OR) is buy as both the short term and long term trends are positive.
What is the support and resistance level for OR stock?
OR ROYALTIES INC (OR) has a support level at 32.85 and a resistance level at 34.2. Check the full technical report for our detailed analysis of OR support and resistance levels.