OLD REPUBLIC INTL CORP (ORI) Stock Technical Analysis
NYSE:ORI - New York Stock Exchange, Inc. - US6802231042 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to ORI. Although ORI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Looking at the yearly performance, ORI did better than 75% of all other stocks.
ORI is one of the better performing stocks in the Insurance industry, it outperforms 70% of 144 stocks in the same industry.
ORI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ORI is performing more or less in line with the market.
In the last month ORI has a been trading in the 36.23 - 38.86 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ORI has an average volume of 1269830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, ORI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 37.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.04, a Stop Loss order could be placed below this zone.
More info and screens
35.57
40.20
When analyzing the support we notice one important area.
- A support zone ranging from 35.93 to 37.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 37.34 to 38.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 38.97 to 38.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @39.80 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 ORI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ORI is down. |
| ChartMill Relative Strength | 75.88 | POSITIVE | ORI has a high relative strength, it outperformed 75.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ORI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ORI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ORI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.03 | NEUTRAL | The RSI value for ORI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ORI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.43 | NEUTRAL | The Stochastics value for ORI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for ORI suggests low volalility. |
| Average Directional Index/ADX (14) | 9.03 | NEGATIVE | The low ADX value for ORI suggests a weak or negative 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)
37.31
+0.31 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.84%
1 Week0.21%
2 Weeks-0.21%
1 Month-0.72%
3 Month-0.88%
6 Month3.38%
12 Month21.29%
2 Year48.23%
3 Year66.86%
5 Year128.76%
10 Year138.71%
15 Year207.59%
Volatility
ATR(14)0.68
ATR(20)%1.69%
ATR Inc-36.06%
Range Today0.41
ADR(20)0.62
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.88
Mansfield-0.01
10 Day High37.7
10 Day Low36.24
20 Day High38.86
20 Day Low36.24
52 Week High39.84
52 Week Low29.83
CS1 End37.04
CR1 Start37.34
Volume & EV
DER(3)2.18%
DER(5)0.44%
Volume2.81M
Volume Incr43.95%
Vol(5)1.81M
Vol(50)1.27M