ORUKA THERAPEUTICS INC (ORKA) Stock Technical Analysis
NASDAQ:ORKA • US6876041087
We assign a technical rating of 9 out of 10 to ORKA. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month ORKA has a been trading in the 31.00 - 36.28 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, ORKA did better than 96% of all other stocks. We also observe that the gains produced by ORKA over the past year are nicely spread over this period.
- ORKA is one of the better performing stocks in the Biotechnology industry, it outperforms 90% of 520 stocks in the same industry.
- ORKA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ORKA is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ORKA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 31.64, a Stop Loss order could be placed below this zone.
More info and screens
20.93
We found 4 important support areas.
- A support zone ranging from 30.95 to 31.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.86 from a horizontal line in the weekly time frame.
- Support @26.19 from a horizontal line in the daily time frame.
- Support @21.14 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @35.54 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 | UP | POSITIVE | The long term trend for ORKA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ORKA is neutral. |
| ChartMill Relative Strength | 96.69 | POSITIVE | ORKA has a high relative strength, it outperformed 96.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ORKA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ORKA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ORKA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.96 | NEUTRAL | The RSI value for ORKA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests ORKA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.99 | NEUTRAL | The Stochastics value for ORKA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.84 | HIGH VOLATILITY | The high ATR as a percentage value for ORKA suggests high volalility. |
| Average Directional Index/ADX (14) | 14 | NEGATIVE | The low ADX value for ORKA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 32.61 | 30.99 | 1.62 (4.96%) | 20.18% |
| An entry @32.61. This is a Buy Stop order right above the 10 day moving average. | An exit @30.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.62 points, which is 4.96%. | When investing 20.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ORKA. Please evaluate whether better entry and exit points can be found.
- 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.
32.34
-0.08 (-0.25%)
ORUKA THERAPEUTICS INC / ORKA FAQ
Can you provide the ChartMill technical rating for ORUKA THERAPEUTICS INC?
ChartMill assigns a technical rating of 9 / 10 to ORKA.
What is the trend direction for ORKA stock?
The current trend direction for ORUKA THERAPEUTICS INC (ORKA) is Bullish.
What is the RSI signal for ORKA stock?
ORUKA THERAPEUTICS INC (ORKA) has an RSI value of 48.9601. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ORUKA THERAPEUTICS INC?
The MACD indicator for ORUKA THERAPEUTICS INC (ORKA) has a value of -0.264815, indicating a bearish trend.