OCEAN RIG UDW INC (ORIG) Technical Analysis
NASDAQ:ORIG • KYG669641188
Current stock price
ORIG Technical Rating and Analysis
Overall ORIG gets a technical rating of 3 out of 10. Although ORIG 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, we notice that ORIG is one of the better performing stocks in the market, outperforming 87% of all stocks. However, ORIG's most recent performance is quite weak.
- ORIG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ORIG is lagging the market.
- In the last month ORIG has a been trading in the 26.74 - 31.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ORIG Weekly and Daily overview Charts
ORIG Setup Rating and Analysis
Although the technical rating is bad, ORIG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 28.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ORIG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
ORIG Support and Resistance Analysis
23.44
3 important support areas can be observed.
- A support zone ranging from 27.07 to 27.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @26.03 from a trend line in the daily time frame.
- Support @23.68 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 28.40 to 28.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
ORIG 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 | DOWN | NEGATIVE | The long term trend for ORIG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ORIG is down. |
| ChartMill Relative Strength | 87.64 | POSITIVE | ORIG has a high relative strength, it outperformed 87.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ORIG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ORIG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ORIG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.38 | NEUTRAL | The RSI value for ORIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ORIG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.39 | NEUTRAL | The Stochastics value for ORIG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for ORIG suggests some volalility. |
ORIG Chart- and CandleStick Pattern Analysis
ORIG Technicals: Chart, Performance Metrics, Trend & Indicators
27.78
-0.99 (-3.44%)
OCEAN RIG UDW INC / ORIG TA FAQ
What is the ChartMill technical rating of OCEAN RIG UDW INC (ORIG) stock?
ChartMill assigns a technical rating of 2 / 10 to ORIG.
What is the current trend direction of OCEAN RIG UDW INC (ORIG) stock?
The current trend direction for OCEAN RIG UDW INC (ORIG) is Bearish.
What is the RSI signal for ORIG stock?
OCEAN RIG UDW INC (ORIG) has an RSI value of 42.3761. This indicates that the stock is currently neutral.
What is the MACD signal for OCEAN RIG UDW INC (ORIG) stock?
The MACD indicator for OCEAN RIG UDW INC (ORIG) has a value of 0.152013, indicating a bearish trend.
What are the support and resistance levels for OCEAN RIG UDW INC (ORIG) stock?
OCEAN RIG UDW INC (ORIG) has a support level at 27.29 and a resistance level at 28.4. Check the full technical report for our detailed analysis of ORIG support and resistance levels.