EIGHTCO HOLDINGS INC (ORBS) Stock Technical Analysis
NASDAQ:ORBS • US22890A3023
Overall ORBS gets a technical rating of 0 out of 10. ORBS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than ORBS.
- ORBS is one of the lesser performing stocks in the Containers & Packaging industry. 100% of 22 stocks in the same industry do better.
- ORBS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- ORBS has an average volume of 4411320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
ORBS has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.18
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.24 to 1.25. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for ORBS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ORBS is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | ORBS has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ORBS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ORBS is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 34.86 | NEUTRAL | The RSI value for ORBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ORBS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 15.74 | OVERSOLD | The low Stochastics value suggests ORBS may be oversold. |
| Average True Range in percent/ATR (20) | 10.51 | HIGH VOLATILITY | The high ATR as a percentage value for ORBS suggests high volalility. |
| Average Directional Index/ADX (14) | 21.18 | NEUTRAL | The ADX value for ORBS suggests a possible start of a new trend. |
1.19
-0.03 (-2.46%)
EIGHTCO HOLDINGS INC / ORBS FAQ
What is the ChartMill technical rating of EIGHTCO HOLDINGS INC (ORBS) stock?
ChartMill assigns a technical rating of 0 / 10 to ORBS.
What is the current trend direction of EIGHTCO HOLDINGS INC (ORBS) stock?
The current trend direction for EIGHTCO HOLDINGS INC (ORBS) is Bearish.
Can you provide the RSI signal for EIGHTCO HOLDINGS INC?
EIGHTCO HOLDINGS INC (ORBS) has an RSI value of 34.8562. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EIGHTCO HOLDINGS INC?
The MACD indicator for EIGHTCO HOLDINGS INC (ORBS) has a value of 0.0257914, indicating a bearish trend.
What is the buy/sell signal for EIGHTCO HOLDINGS INC (ORBS) stock?
The buy/sell signal for EIGHTCO HOLDINGS INC (ORBS) is sell as both the short term and long term trends are negative.