ORMAT TECHNOLOGIES INC (ORA) Technical Analysis
NYSE:ORA • US6866881021
Current stock price
ORA Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to ORA. ORA was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- 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 76% of all stocks. On top of that, ORA also shows a nice and consistent pattern of rising prices.
- In the last month ORA has a been trading in the 107.25 - 117.33 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.
- ORA is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, ORA did better than 47% of them.
- 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.
ORA Weekly and Daily overview Charts
ORA Setup Rating and Analysis
ORA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 110.44, a Stop Loss order could be placed below this zone.
More info and screens
ORA Support and Resistance Analysis
102.66
When analyzing the support we can see 4 important areas.
- A support zone ranging from 110.13 to 110.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @108.29 from a trend line in the daily time frame.
- Support @106.57 from a horizontal line in the daily time frame.
- A support zone ranging from 103.70 to 104.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 112.19 to 113.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @115.22 from a horizontal line in the daily time frame.
ORA Technical Indicator Signal Analysis
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 | 76.54 | POSITIVE | ORA has a high relative strength, it outperformed 76.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ORA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ORA is below a declining 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) | 48.31 | NEUTRAL | The RSI value for ORA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ORA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 38.93 | NEUTRAL | The Stochastics value for ORA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for ORA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.88 | NEGATIVE | The low ADX value for ORA suggests a weak or negative trend. |
ORA Chart- and CandleStick Pattern Analysis
ORA Example Setup
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 |
|---|---|---|---|
| 113.34 | 110.12 | 3.22 (2.84%) | 25.00% |
| An entry @113.34. This is a Buy Stop order right above the resistance zone. | An exit @110.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.22 points, which is 2.84%. | For a 0.71% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
ORA Technicals: Chart, Performance Metrics, Trend & Indicators
111.7
-1.34 (-1.19%)
ORMAT TECHNOLOGIES INC / ORA TA FAQ
What is the ChartMill technical rating of ORMAT TECHNOLOGIES INC (ORA) stock?
ChartMill assigns a technical rating of 6 / 10 to ORA.
Can you provide the trend direction for ORMAT TECHNOLOGIES INC?
The current trend direction for ORMAT TECHNOLOGIES INC (ORA) is Bullish.
What is the RSI signal for ORA stock?
ORMAT TECHNOLOGIES INC (ORA) has an RSI value of 48.3131. This indicates that the stock is currently neutral.
What is the support and resistance level for ORA stock?
ORMAT TECHNOLOGIES INC (ORA) has a support level at 110.44 and a resistance level at 112.19. Check the full technical report for our detailed analysis of ORA support and resistance levels.