ORIGIN MATERIALS INC (ORGN)
US68622D1063 - Common Stock
We assign a technical rating of 6 out of 10 to ORGN. ORGN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ORGN is part of the Chemicals industry. There are 84 other stocks in this industry. ORGN outperforms 71% of them.
ORGN has an average volume of 2266700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ORGN did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month ORGN has a been trading in the 0.86 - 1.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ORGN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.91, a Stop Loss order could be placed below this zone.
More info and screens
0.88
1.22
We found 1 important support area.
- A support zone ranging from 0.89 to 0.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.04 to 1.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.16 from a horizontal line in the weekly time frame.
- Resistance @1.19 from a trend line in the daily time frame.
- Resistance @1.21 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.66
Mansfield-3.49
10 Day High1.27
10 Day Low0.99
20 Day High1.27
20 Day Low0.86
52 Week High4.75
52 Week Low0.44
Performance
1 Week-3.74%
2 Weeks-10.43%
1 Month-2.37%
3 Month96.6%
6 Month24.85%
12 Month-76.54%
2 Year-79.88%
3 Year-87.44%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)52.34
LBB0.92
UBB1.21
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 |
|---|---|---|---|
| 1.05 | 0.98 | 0.07 (6.67%) | 15.00% |
| An entry @1.05. This is a Buy Stop order right above the resistance zone. | An exit @0.98. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 6.67%. | When investing 15.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ORGN. Please evaluate whether better entry and exit points can be found.
- 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.
ORIGIN MATERIALS INC
NASDAQ:ORGN (6/12/2024, 7:00:03 PM)
After market: 1.02 -0.01 (-0.97%)1.03
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0%
1 Week-3.74%
2 Weeks-10.43%
1 Month-2.37%
3 Month96.6%
6 Month24.85%
12 Month-76.54%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.11
ATR(20)%11.12%
ATR Inc
Range Today0.07
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High1.27
10 Day Low0.99
20 Day High1.27
20 Day Low0.86
52 Week High4.75
52 Week Low0.44
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.05M
Volume Incr-43.17%
Vol(5)1.13M
Vol(50)2.27M