Orbital Sciences Corp. (ORB) Stock Technical Analysis
NYSE:ORB - New York Stock Exchange, Inc. - US6855641063
Taking everything into account, ORB scores 8 out of 10 in our technical rating. Although ORB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, ORB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 29.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ORB in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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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23.29
We found 3 important support areas.
- A support zone ranging from 28.45 to 28.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 25.16 to 25.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.53 to 23.63. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 29.96 to 30.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.96 from a horizontal line in the daily 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 ORB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORB is up. |
| ChartMill Relative Strength | 63.73 | NEUTRAL | ORB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ORB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ORB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.91 | NEUTRAL | The RSI value for ORB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ORB has a negative trend, although the MACD value is rising. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for ORB suggests some volalility. |
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 |
|---|---|---|---|
| 30.32 | 28.44 | 1.88 (6.20%) | 16.13% |
| An entry @30.32. This is a Buy Stop order right above the resistance zone. | An exit @28.44. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.88 points, which is 6.20%. | When investing 16.13% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ORB. 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.
28.85
+0.21 (+0.73%)