ORMAT TECHNOLOGIES INC (ORA) Stock Technical Analysis
USA - NYSE:ORA - US6866881021 - Common Stock
Overall ORA gets a technical rating of 8 out of 10. In the last year, ORA was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, ORA also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. We notice that large players showed an interest for ORA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 107.89 to 108.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 101.57 to 102.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @86.49 from a trend line in the weekly time frame.
- Support @63.11 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 ORA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ORA is neutral. |
| ChartMill Relative Strength | 88.17 | POSITIVE | ORA has a high relative strength, it outperformed 88.17% 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) | 52.23 | NEUTRAL | The RSI value for ORA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests ORA has a negative trend. |
| Stochastics (14,3) | 40.58 | NEUTRAL | The Stochastics value for ORA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for ORA suggests some volalility. |
| Average Directional Index/ADX (14) | 28.9 | POSITIVE | The high ADX value value for ORA 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 |
|---|---|---|---|
| 111.37 | 107.88 | 3.49 (3.14%) | 25.00% |
| An entry @111.37. This is a Buy Stop order right above the 10 day moving average. | An exit @107.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.49 points, which is 3.14%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%. |
- The distance between exit and entry is rather small compared to the average daily movement of ORA. 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.
108.59
+0.7 (+0.65%)
ORMAT TECHNOLOGIES INC / ORA FAQ
What is the ChartMill technical rating of ORMAT TECHNOLOGIES INC (ORA) stock?
ChartMill assigns a technical rating of 8 / 10 to ORA.
What is the current trend direction of ORMAT TECHNOLOGIES INC (ORA) stock?
The current trend direction for ORMAT TECHNOLOGIES INC (ORA) is Bullish.
Can you provide the RSI signal for ORMAT TECHNOLOGIES INC?
ORMAT TECHNOLOGIES INC (ORA) has an RSI value of 52.2325. This indicates that the stock is currently neutral.
What is the short term momentum for ORA stock?
The short term momentum for ORMAT TECHNOLOGIES INC (ORA) is neutral.