NYSE:ORI - New York Stock Exchange, Inc. - US6802231042 - Common Stock - Currency: USD
Taking everything into account, ORI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ORI is showing a nice and steady performance.
Besides having an excellent technical rating, ORI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 38.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.87, a Stop Loss order could be placed below this zone.
33.12
5 important support areas can be observed.
When analyzing the resistance we notice 2 important areas.
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 |
---|---|---|---|
38.99 | 37.38 | 1.61 (4.13%) | 24.22% |
An entry @38.99. This is a Buy Stop order right above the resistance zone. | An exit @37.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.61 points, which is 4.13%. | When investing 24.22% of your capital in this trade, your total portfolio risk will be 1.00%. |
37.91
-0.19 (-0.5%)