ORIGIN MATERIALS INC (ORGN) Stock Technical Analysis
USA - NASDAQ:ORGN - US68622D1063 - Common Stock
Overall ORGN gets a technical rating of 0 out of 10. ORGN 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 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
0.49
When analyzing the support we can see 3 important areas.
- Support @0.52 from a trend line in the daily time frame.
- Support @0.50 from a horizontal line in the weekly time frame.
- Support @0.49 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 0.54 to 0.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.69 from a trend line in the daily time frame.
- Resistance @0.73 from a horizontal line in the daily time frame.
- Resistance @0.84 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 | NEUTRAL | NEUTRAL | The long term trend for ORGN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ORGN is down. |
| ChartMill Relative Strength | 3.62 | NEGATIVE | ORGN has a low relative strength, it was outperformed by 96.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ORGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ORGN is below 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) | 43.07 | NEUTRAL | The RSI value for ORGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ORGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.3 | OVERSOLD | The low Stochastics value suggests ORGN may be oversold. |
| Average True Range in percent/ATR (20) | 12.86 | HIGH VOLATILITY | The high ATR as a percentage value for ORGN suggests high volalility. |
| Average Directional Index/ADX (14) | 22.6 | NEUTRAL | The ADX value for ORGN suggests a possible start of a new trend. |
0.5331
+0.02 (+3.27%)
ORIGIN MATERIALS INC / ORGN FAQ
What is the ChartMill technical rating of ORIGIN MATERIALS INC (ORGN) stock?
ChartMill assigns a technical rating of 0 / 10 to ORGN.
What is the current trend direction of ORIGIN MATERIALS INC (ORGN) stock?
The current trend direction for ORIGIN MATERIALS INC (ORGN) is Bearish.
What is the RSI signal for ORGN stock?
ORIGIN MATERIALS INC (ORGN) has an RSI value of 43.0681. This indicates that the stock is currently neutral.
What is the support and resistance level for ORGN stock?
ORIGIN MATERIALS INC (ORGN) has a support level at 0.52 and a resistance level at 0.54. Check the full technical report for our detailed analysis of ORGN support and resistance levels.