ORMAT TECHNOLOGIES INC (ORA) Stock Technical Analysis
NYSE:ORA - New York Stock Exchange, Inc. - US6866881021 - Common Stock - Currency: USD
Overall ORA gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
ORA is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 61% of 19 stocks in the same industry do better.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that ORA is one of the better performing stocks in the market, outperforming 77% of all 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.
In the last month ORA has a been trading in the 84.13 - 91.81 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although ORA has an excellent technical rating, the quality of the presented setup is not ideal 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
62.48
91.31
We found 4 important support areas.
- Support @86.67 from a horizontal line in the weekly time frame.
- A support zone ranging from 83.64 to 85.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 78.11 to 78.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 63.11 to 64.04. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 89.83 to 90.41. 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 ORA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ORA is neutral. |
| ChartMill Relative Strength | 77 | POSITIVE | ORA has a high relative strength, it outperformed 77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ORA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ORA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ORA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.09 | NEUTRAL | The RSI value for ORA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests ORA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.62 | NEUTRAL | The Stochastics value for ORA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for ORA suggests low volalility. |
| Average Directional Index/ADX (14) | 28.46 | POSITIVE | The high ADX value value for ORA suggests a strong 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)
86.68
-0.65 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.74%
1 Week-2.29%
2 Weeks-3.13%
1 Month-1.33%
3 Month15.84%
6 Month35.4%
12 Month19.54%
2 Year14.14%
3 Year-7.27%
5 Year42.4%
10 Year146.25%
15 YearN/A
Volatility
ATR(14)1.69
ATR(20)%1.83%
ATR Inc52.39%
Range Today2.06
ADR(20)1.4
ADR(20)%1.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77
Mansfield0.58
10 Day High90.67
10 Day Low84.13
20 Day High91.81
20 Day Low84.13
52 Week High91.81
52 Week Low61.58
CS1 End86.67
CR1 Start89.83
Volume & EV
DER(3)0.81%
DER(5)1.18%
Volume405.30K
Volume Incr35.97%
Vol(5)640.08K
Vol(50)535.11K