NYSE:ORC - New York Stock Exchange, Inc. - US68571X3017 - REIT - Currency: USD
We assign a technical rating of 3 out of 10 to ORC. In the past year, ORC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, ORC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ORC in the last couple of days, which is a good sign.
5.98
We found 3 important support areas.
2 important resistance areas can be observed.
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 ORC is down. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORC is up. |
ChartMill Relative Strength | 20.57 | NEGATIVE | ORC has a low relative strength, it was outperformed by 79.43% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORC is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ORC is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ORC is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 60.64 | NEUTRAL | The RSI value for ORC is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ORC has a positive trend. |
Stochastics (14,3) | 82.32 | OVERBOUGHT | The high Stochastics value suggests ORC may be overbought. |
Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for ORC suggests low volalility. |
Average Directional Index/ADX (14) | 10.37 | NEGATIVE | The low ADX value for ORC suggests a weak or negative trend. |
7.3
-0.04 (-0.54%)