ORMAT TECHNOLOGIES INC (ORA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ORA - US6866881021 - Common Stock
We assign a technical rating of 10 out of 10 to ORA. 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.
ORA has an excellent technical rating, but 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.
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62.48
We found 3 important support areas.
- A support zone ranging from 108.55 to 110.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 104.01 to 106.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @63.11 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 113.48 to 114.75. 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 | 89.6 | POSITIVE | ORA has a high relative strength, it outperformed 89.6% 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) | 59.76 | NEUTRAL | The RSI value for ORA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ORA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.5 | NEUTRAL | The Stochastics value for ORA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for ORA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.58 | NEUTRAL | The ADX value for ORA suggests a possible start of a new trend. |
112.66
-0.57 (-0.5%)
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 59.761. 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.