ORMAT TECHNOLOGIES INC (ORA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ORA - US6866881021 - Common Stock
Taking everything into account, ORA scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ORA is showing a nice and steady performance.
Besides having an excellent technical rating, ORA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 113.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 112.07, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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62.48
3 important support areas can be observed.
- A support zone ranging from 107.89 to 112.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @104.12 from a horizontal line in the daily time frame.
- Support @63.11 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 113.48 to 115.00. 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 | UP | POSITIVE | The short term trend for ORA is up. |
| ChartMill Relative Strength | 92.13 | POSITIVE | ORA has a high relative strength, it outperformed 92.13% off all stocks 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) | 54.38 | NEUTRAL | The RSI value for ORA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ORA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.64 | NEUTRAL | The Stochastics value for ORA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for ORA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.6 | NEGATIVE | The low ADX value for ORA suggests a weak or negative 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 |
|---|---|---|---|
| 115.01 | 107.88 | 7.13 (6.20%) | 16.13% |
| An entry @115.01. This is a Buy Stop order right above the resistance zone. | 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 7.13 points, which is 6.20%. | For a 1.00% total portfolio risk, you can invest 16.13% of your capital in this trade. |
- 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.
112.94
-1.47 (-1.28%)
ORMAT TECHNOLOGIES INC / ORA FAQ
What is the ChartMill technical rating of ORMAT TECHNOLOGIES INC (ORA) stock?
ChartMill assigns a technical rating of 10 / 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 54.3807. 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 positive.
What is the buy/sell signal for ORA stock?
The buy/sell signal for ORMAT TECHNOLOGIES INC (ORA) is buy as both the short term and long term trends are positive.