ORGANOGENESIS HOLDINGS INC (ORGO) Stock Technical Analysis
NASDAQ:ORGO - Nasdaq - US68621F1021 - Common Stock - Currency: USD
Overall ORGO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ORGO is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ORGO is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, ORGO also shows a nice and consistent pattern of rising prices.
ORGO is one of the better performing stocks in the Biotechnology industry, it outperforms 80% of 558 stocks in the same industry.
In the last month ORGO has a been trading in the 3.06 - 4.70 range, which is quite wide. It is currently trading near the high of this range.
ORGO has an average volume of 1280480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ORGO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ORGO is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although ORGO has an excellent technical rating, it does not present a decent entry opportunity 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
2.75
5.47
When analyzing the support we notice one important area.
- A support zone ranging from 2.78 to 2.79. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.50 to 4.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.64 from a horizontal 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 | UP | POSITIVE | The long term trend for ORGO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORGO is up. |
| ChartMill Relative Strength | 85.88 | POSITIVE | ORGO has a high relative strength, it outperformed 85.88% 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 | MIXED | The current price of ORGO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ORGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.17 | 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) | 80.42 | OVERBOUGHT | The high Stochastics value suggests ORGO may be overbought. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for ORGO suggests some volalility. |
| Average Directional Index/ADX (14) | 34.04 | POSITIVE | The high ADX value value for ORGO 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)
4.49
+0.19 (+4.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.42%
1 Week5.65%
2 Weeks22.34%
1 Month41.64%
3 Month6.4%
6 Month34.43%
12 Month54.83%
2 Year5.15%
3 Year-21.78%
5 Year22.01%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%4.82%
ATR Inc-18.86%
Range Today0.25
ADR(20)0.21
ADR(20)%4.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.88
Mansfield1.76
10 Day High4.7
10 Day Low3.59
20 Day High4.7
20 Day Low3.07
52 Week High6.71
52 Week Low2.28
CS1 End2.79
CR1 Start4.5
Volume & EV
DER(3)-2.37%
DER(5)-1.67%
Volume832.90K
Volume Incr-25.17%
Vol(5)777.68K
Vol(50)1.28M