ORIGIN MATERIALS INC (ORGN) Stock Technical Analysis
NASDAQ:ORGN - Nasdaq - US68622D1063 - Common Stock - Currency: USD
Taking everything into account, ORGN scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ORGN was also a bad performer in the overall market in the last year.
89% of all other stocks performed better in the past year than ORGN.
ORGN is part of the Chemicals industry. There are 85 other stocks in this industry, of which 75% are performing better than ORGN.
ORGN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ORGN has a been trading in the 0.42 - 0.65 range, which is quite wide. It is currently trading near the high of this range.
ORGN has an average volume of 1177180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
The technical rating of ORGN is bad and it also does not present a quality setup 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.
More info and screens
0.60
0.86
2 important resistance areas can be observed.
- A resistance zone ranging from 0.62 to 0.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.85 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 | DOWN | NEGATIVE | The long term trend for ORGN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORGN is up. |
| ChartMill Relative Strength | 11.41 | NEGATIVE | ORGN has a low relative strength, it was outperformed by 88.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ORGN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ORGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.08 | NEUTRAL | The RSI value for ORGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ORGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.03 | OVERBOUGHT | The high Stochastics value suggests ORGN may be overbought. |
| Average True Range in percent/ATR (20) | 6.41 | HIGH VOLATILITY | The high ATR as a percentage value for ORGN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.67 | POSITIVE | The high ADX value value for ORGN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.6087
+0.01 (+1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.57%
1 Week4.95%
2 Weeks24.22%
1 Month34.85%
3 Month9.58%
6 Month-47.07%
12 Month-38.94%
2 Year-86.41%
3 Year-89.65%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%6.41%
ATR Inc38.72%
Range Today0.04
ADR(20)0.04
ADR(20)%6.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.41
Mansfield-4.3
10 Day High0.65
10 Day Low0.46
20 Day High0.65
20 Day Low0.42
52 Week High1.9
52 Week Low0.4
CS1 EndN/A
CR1 Start0.62
Volume & EV
DER(3)-7.84%
DER(5)-4.99%
Volume680.40K
Volume Incr16.49%
Vol(5)978.40K
Vol(50)1.18M