ORMAT TECHNOLOGIES INC (ORA)

US6866881021 - Common Stock

70.29  +1.36 (+1.97%)

After market: 70.29 0 (0%)

Technical Rating and Analysis

5

Overall ORA gets a technical rating of 5 out of 10. In the past year, ORA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

74% of all other stocks performed better in the past year than ORA.
ORA is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 65% of 21 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ORA has a been trading in the 59.41 - 71.27 range, which is quite wide. It is currently trading near the high of this range.
ORA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ORA is lagging the market.
Weekly and Daily overview Charts
ORA Weekly chart
ORA Daily chart
Setup Rating and Analysis

4

ORA has an average technical rating and also the quality of the setup is only medium 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.

Support and Resistance Analysis

58.42

77.85

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 65.15 to 67.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @64.04 from a horizontal line in the daily time frame.
  • A support zone ranging from 59.01 to 60.80. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

  • Resistance @70.30 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 76.56 to 77.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.44
Mansfield-1.35
10 Day High71.27
10 Day Low63.32
20 Day High71.27
20 Day Low59.41
52 Week High88.26
52 Week Low58.73
Performance
1 Week4.13%
2 Weeks11.38%
1 Month9.32%
3 Month8.02%
6 Month15.61%
12 Month-16.2%
2 Year-16.28%
3 Year1.8%
5 Year19.05%
10 Year136.03%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.63
RSI(14)68.05
LBB62.08
UBB70.59
ORA Daily chart

ORMAT TECHNOLOGIES INC

NYSE:ORA (5/10/2024, 7:11:08 PM)

After market: 70.29 0 (0%)

70.29

+1.36 (+1.97%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg1.97%
1 Week4.13%
2 Weeks11.38%
1 Month9.32%
3 Month8.02%
6 Month15.61%
12 Month-16.2%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.7
ATR(20)%2.61%
ATR Inc
Range Today1.48
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High71.27
10 Day Low63.32
20 Day High71.27
20 Day Low59.41
52 Week High88.26
52 Week Low58.73
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume358.90K
Volume Incr-14.6%
Vol(5)477.94K
Vol(50)478.76K