ORK Technical Analysis - ORKLA ASA

Technical Rating and Analysis

Taking everything into account, ORK scores 0 out of 10 in our technical rating. ORK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

66% of all other stocks performed better in the past year than ORK.

ORK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month ORK has a been trading in the 102.50 - 114.30 range, which is quite wide. It is currently trading near the lows of this range.

ORK is an average performer in the Food Products industry, it outperforms 42% of 58 stocks in the same industry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of ORK is bad and it also does not present a quality setup 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

101.18

119.58

We can see 3 important resistance areas.

A resistance zone ranging from 102.60 to 103.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 107.33 to 116.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @118.40 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 ORK.OL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ORK.OL is down.
ChartMill Relative Strength	34.08	NEUTRAL	ORK.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ORK.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ORK.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of ORK.OL is below the rising SMA(200).
Relative Strength Index/RSI (14)	28.72	OVERSOLD	The low RSI value suggests ORK.OL may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.3	NEGATIVE	The MACD value suggests ORK.OL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	7.44	OVERSOLD	The low Stochastics value suggests ORK.OL may be oversold.
Average True Range in percent/ATR (20)	1.25	LOW VOLATILITY	The low ATR as a percentage value for ORK.OL suggests low volalility.
Average Directional Index/ADX (14)	38.79	POSITIVE	The high ADX value value for ORK.OL suggests a strong trend.