ORGANOGENESIS HOLDINGS INC (ORGO) Stock Technical Analysis
NASDAQ:ORGO - Nasdaq - US68621F1021 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ORGO. ORGO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, ORGO is a bad performer in the overall market: 75% of all stocks are doing better.
ORGO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ORGO is lagging the market.
ORGO has an average volume of 1535850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
ORGO is an average performer in the Biotechnology industry, it outperforms 65% of 559 stocks in the same industry.
In the last month ORGO has a been trading in the 2.61 - 3.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ORGO has a poor technical rating and the quality of the setup is also only medium 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
2.62
5.47
We found 2 important support areas.
- A support zone ranging from 2.73 to 2.75. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 2.65 to 2.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @3.21 from a trend line in the daily time frame.
- Resistance @3.48 from a horizontal line in the daily time frame.
- Resistance @4.66 from a trend line in the weekly time frame.
- Resistance @4.89 from a trend line in the daily time frame.
- Resistance @5.42 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 | NEUTRAL | NEUTRAL | The long term trend for ORGO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ORGO is down. |
| ChartMill Relative Strength | 25.06 | NEGATIVE | ORGO has a low relative strength, it was outperformed by 74.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ORGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ORGO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.47 | NEUTRAL | The RSI value for ORGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ORGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.3 | NEUTRAL | The Stochastics value for ORGO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.51 | HIGH VOLATILITY | The high ATR as a percentage value for ORGO suggests high volalility. |
| Average Directional Index/ADX (14) | 24.28 | NEUTRAL | The ADX value for ORGO suggests a possible start of a new 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)
3.07
-0.1 (-3.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.15%
1 Week1.32%
2 Weeks12.04%
1 Month1.32%
3 Month-38.72%
6 Month-9.71%
12 Month23.05%
2 Year-7.53%
3 Year-37.09%
5 Year-20.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%6.51%
ATR Inc-30.26%
Range Today0.13
ADR(20)0.18
ADR(20)%5.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.06
Mansfield-1.39
10 Day High3.71
10 Day Low2.61
20 Day High3.71
20 Day Low2.61
52 Week High6.71
52 Week Low2.28
CS1 End2.75
CR1 Start3.21
Volume & EV
DER(3)-2.8%
DER(5)-0.54%
Volume494.80K
Volume Incr-26.28%
Vol(5)1.13M
Vol(50)1.54M