ORION BIOTECH OPPORTUNITI-A (ORIA) Technical Analysis
NASDAQ:ORIA • KYG6780C1096
Current stock price
ORIA Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to ORIA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ORIA 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 ORIA is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by ORIA over the past year are nicely spread over this period.
- ORIA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ORIA is lagging the market slightly.
- In the last month ORIA has a been trading in a tight range between 10.21 and 10.27.
- Considerably lower volume is observed in the last couple of days.
ORIA Weekly and Daily overview Charts
ORIA Setup Rating and Analysis
Besides having an excellent technical rating, ORIA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.25, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
ORIA Support and Resistance Analysis
9.53
We found 3 important support areas.
- A support zone ranging from 10.09 to 10.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @9.80 from a horizontal line in the daily time frame.
- A support zone ranging from 9.63 to 9.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.27 to 10.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
ORIA Technical Indicator Signal Analysis
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 ORIA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORIA is up. |
| ChartMill Relative Strength | 80.62 | POSITIVE | ORIA has a high relative strength, it outperformed 80.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORIA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ORIA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ORIA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.36 | NEUTRAL | The RSI value for ORIA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ORIA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for ORIA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for ORIA suggests low volalility. |
| Average Directional Index/ADX (14) | 77.84 | POSITIVE | The high ADX value value for ORIA suggests a strong trend. |
ORIA Chart- and CandleStick Pattern Analysis
ORIA Example Setup
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 |
|---|---|---|---|
| 10.28 | 10.23 | 0.05 (0.54%) | 25.00% |
| An entry @10.28. This is a Buy Stop order right above the resistance zone. | An exit @10.22. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.05 points, which is 0.54%. | For a 0.13% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
ORIA Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:ORIA (4/28/2023, 8:00:02 PM)
10.26
+0.01 (+0.1%)
ORION BIOTECH OPPORTUNITI-A / ORIA TA FAQ
What is the technical rating for ORIA stock?
ChartMill assigns a technical rating of 9 / 10 to ORIA.
What is the current trend direction of ORION BIOTECH OPPORTUNITI-A (ORIA) stock?
The current trend direction for ORION BIOTECH OPPORTUNITI-A (ORIA) is Bullish.
Can you provide the RSI signal for ORION BIOTECH OPPORTUNITI-A?
ORION BIOTECH OPPORTUNITI-A (ORIA) has an RSI value of 63.3566. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ORION BIOTECH OPPORTUNITI-A?
The MACD indicator for ORION BIOTECH OPPORTUNITI-A (ORIA) has a value of -0.00211171, indicating a bearish trend.
Can you provide the support and resistance levels for ORION BIOTECH OPPORTUNITI-A?
ORION BIOTECH OPPORTUNITI-A (ORIA) has a support level at 10.25 and a resistance level at 10.27. Check the full technical report for our detailed analysis of ORIA support and resistance levels.