Orbcomm Inc (ORBC) Technical Analysis
NASDAQ:ORBC
Current stock price
ORBC Technical Rating and Analysis
Overall ORBC gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ORBC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ORBC did better than 95% of all other stocks. We also observe that the gains produced by ORBC over the past year are nicely spread over this period.
- ORBC is one of the better performing stocks in the Diversified Telecommunication Services industry, it outperforms 88% of 37 stocks in the same industry.
- ORBC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ORBC has a been trading in a tight range between 11.08 and 11.53.
ORBC Weekly and Daily overview Charts
ORBC Setup Rating and Analysis
ORBC 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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ORBC Support and Resistance Analysis
7.20
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.09 to 11.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.77 from a trend line in the weekly time frame.
- Support @9.06 from a trend line in the daily time frame.
- Support @7.27 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.51 to 11.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
ORBC 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 ORBC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORBC is up. |
| ChartMill Relative Strength | 95.04 | POSITIVE | ORBC has a high relative strength, it outperformed 95.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORBC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ORBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ORBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.68 | NEUTRAL | The RSI value for ORBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ORBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.5 | OVERBOUGHT | The high Stochastics value suggests ORBC may be overbought. |
| Average True Range in percent/ATR (20) | 0.63 | LOW VOLATILITY | The low ATR as a percentage value for ORBC suggests low volalility. |
ORBC Chart- and CandleStick Pattern Analysis
ORBC 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 |
|---|---|---|---|
| 11.57 | 11.16 | 0.41 (3.54%) | 25.00% |
| An entry @11.57. This is a Buy Stop order right above the resistance zone. | An exit @11.16. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.41 points, which is 3.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- 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.
ORBC Technicals: Chart, Performance Metrics, Trend & Indicators
11.49
+0.01 (+0.09%)
Orbcomm Inc / ORBC TA FAQ
Can you provide the ChartMill technical rating for Orbcomm Inc?
ChartMill assigns a technical rating of 9 / 10 to ORBC.
What is the trend direction for ORBC stock?
The current trend direction for Orbcomm Inc (ORBC) is Bullish.
What is the RSI signal for ORBC stock?
Orbcomm Inc (ORBC) has an RSI value of 67.6822. This indicates that the stock is currently neutral.
What is the short term momentum for ORBC stock?
The short term momentum for Orbcomm Inc (ORBC) is positive.
Can you provide the support and resistance levels for Orbcomm Inc?
Orbcomm Inc (ORBC) has a support level at 11.43 and a resistance level at 11.51. Check the full technical report for our detailed analysis of ORBC support and resistance levels.