ORA Technical Analysis - ORANGE

Technical Rating and Analysis

Taking everything into account, ORA scores 4 out of 10 in our technical rating. ORA was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

Looking at the yearly performance, ORA did better than 80% of all other stocks.

ORA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ORA is lagging the market slightly.

ORA has an average volume of 4627160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

ORA is part of the Diversified Telecommunication Services industry. There are 30 other stocks in this industry, ORA did better than 68% of them.

In the last month ORA has a been trading in a tight range between 13.28 and 13.95.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ORA has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.20

14.63

We found 4 important support areas.

A support zone ranging from 13.31 to 13.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @13.10 from a trend line in the daily time frame.
A support zone ranging from 12.33 to 12.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @9.29 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 13.43 to 13.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 14.49 to 14.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 ORA.PA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ORA.PA is down.
ChartMill Relative Strength	80.91	POSITIVE	ORA.PA has a high relative strength, it outperformed 80.91% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ORA.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ORA.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ORA.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	37.56	NEUTRAL	The RSI value for ORA.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests ORA.PA has a negative trend.
Stochastics (14,3)	34.94	NEUTRAL	The Stochastics value for ORA.PA is a neutral value.
Average True Range in percent/ATR (20)	1.63	LOW VOLATILITY	The low ATR as a percentage value for ORA.PA suggests low volalility.
Average Directional Index/ADX (14)	27.66	POSITIVE	The high ADX value value for ORA.PA suggests a strong trend.