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 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ORA is only an average performer.
ORA is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 63% of 20 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
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 70.42 - 79.39 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, ORA turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
Although ORA has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
62.48
79.79
4 important support areas can be observed.
- A support zone ranging from 72.55 to 75.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.16 to 71.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @68.34 from a horizontal 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 | UP | POSITIVE | The short term trend for ORA is up. |
| ChartMill Relative Strength | 66.22 | NEUTRAL | ORA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORA is above the rising 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) | 69.12 | NEUTRAL | The RSI value for ORA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests ORA has a positive trend. |
| Stochastics (14,3) | 90.79 | OVERBOUGHT | The high Stochastics value suggests ORA may be overbought. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for ORA suggests some volalility. |
| Average Directional Index/ADX (14) | 27.42 | 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)
79
+1.17 (+1.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg1.5%
1 Week5.1%
2 Weeks9.13%
1 Month6.66%
3 Month9.95%
6 Month8.97%
12 Month6.9%
2 Year-1.81%
3 Year0.83%
5 Year24.43%
10 Year109.66%
15 YearN/A
Volatility
ATR(14)1.62
ATR(20)%2.05%
ATR Inc-14.33%
Range Today1.52
ADR(20)1.37
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.22
Mansfield0.25
10 Day High79.4
10 Day Low71.96
20 Day High79.4
20 Day Low70.42
52 Week High84.3
52 Week Low61.58
CS1 End75.33
CR1 StartN/A
Volume & EV
DER(3)-0.57%
DER(5)-1.08%
Volume493.00K
Volume Incr9.7%
Vol(5)434.44K
Vol(50)446.58K