Ordina NV (ORDI.AS) Stock Technical Analysis
AMS:ORDI - Euronext Amsterdam - NL0000440584 - Common Stock - Currency: EUR
Overall ORDI gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
ORDI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 5.70, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
5.52
When analyzing the support we notice one important area.
- A support zone ranging from 5.58 to 5.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @5.74 from a trend 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 ORDI.AS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ORDI.AS is neutral. |
| ChartMill Relative Strength | 96 | POSITIVE | ORDI.AS has a high relative strength, it outperformed 96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORDI.AS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ORDI.AS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ORDI.AS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.01 | NEUTRAL | The RSI value for ORDI.AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ORDI.AS has a positive trend. |
| Stochastics (14,3) | 68.8 | NEUTRAL | The Stochastics value for ORDI.AS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.88 | LOW VOLATILITY | The low ATR as a percentage value for ORDI.AS suggests low volalility. |
| Average Directional Index/ADX (14) | 19.08 | NEGATIVE | The low ADX value for ORDI.AS suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 5.75 | 5.59 | 0.16 (2.78%) | 25.00% |
| An entry @5.75. This is a Buy Stop order right above the resistance zone. | An exit @5.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.16 points, which is 2.78%. | For a 0.70% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
AMS:ORDI (11/14/2023, 7:00:00 PM)
5.7
+0.02 (+0.35%)