ORUKA THERAPEUTICS INC (ORKA) Technical Analysis
NASDAQ:ORKA • US6876041087
Current stock price
ORKA Technical Rating and Analysis
Overall ORKA gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ORKA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ORKA is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, ORKA also shows a nice and consistent pattern of rising prices.
- ORKA is part of the Biotechnology industry. There are 516 other stocks in this industry. ORKA outperforms 96% of them.
- ORKA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ORKA has a been trading in the 39.05 - 70.50 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ORKA Weekly and Daily overview Charts
ORKA Setup Rating and Analysis
Although ORKA has an excellent technical rating, it does not present a decent entry opportunity 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.
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ORKA Support and Resistance Analysis
25.93
3 important support areas can be observed.
- A support zone ranging from 35.62 to 35.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.42 from a horizontal line in the daily time frame.
- Support @26.19 from a horizontal line in the daily time frame.
ORKA 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 ORKA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORKA is up. |
| ChartMill Relative Strength | 99.33 | POSITIVE | ORKA has a high relative strength, it outperformed 99.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORKA is above the rising 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) | 78.04 | OVERBOUGHT | The high RSI value suggests ORKA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.89 | POSITIVE | The MACD value suggests ORKA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.06 | OVERBOUGHT | The high Stochastics value suggests ORKA may be overbought. |
| Average True Range in percent/ATR (20) | 5.59 | HIGH VOLATILITY | The high ATR as a percentage value for ORKA suggests high volalility. |
| Average Directional Index/ADX (14) | 53.59 | POSITIVE | The high ADX value value for ORKA suggests a strong trend. |
ORKA Chart- and CandleStick Pattern Analysis
ORKA Technicals: Chart, Performance Metrics, Trend & Indicators
68.87
-0.05 (-0.07%)
ORUKA THERAPEUTICS INC / ORKA TA FAQ
Can you provide the ChartMill technical rating for ORUKA THERAPEUTICS INC?
ChartMill assigns a technical rating of 10 / 10 to ORKA.
Can you provide the trend direction for ORUKA THERAPEUTICS INC?
The current trend direction for ORUKA THERAPEUTICS INC (ORKA) is Bullish.
What is the RSI signal for ORUKA THERAPEUTICS INC (ORKA) stock?
ORUKA THERAPEUTICS INC (ORKA) has an RSI value of 78.0423. This indicates that the stock is currently overbought.
What is the short term momentum for ORUKA THERAPEUTICS INC (ORKA) stock?
The short term momentum for ORUKA THERAPEUTICS INC (ORKA) is positive.
What is the support and resistance level for ORKA stock?
ORUKA THERAPEUTICS INC (ORKA) has a support level at 35.82. Check the full technical report for our detailed analysis of ORKA support and resistance levels.