ORUKA THERAPEUTICS INC (ORKA) Stock Technical Analysis
USA - NASDAQ:ORKA - US6876041087 - Common Stock
Taking everything into account, ORKA scores 9 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, ORKA 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 28.21. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ORKA 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.
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10.80
5 important support areas can be observed.
- A support zone ranging from 27.50 to 27.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.19 from a horizontal line in the daily time frame.
- Support @17.38 from a trend line in the daily time frame.
- Support @16.01 from a trend line in the daily time frame.
- Support @10.91 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.21 to 28.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 92.19 | POSITIVE | ORKA has a high relative strength, it outperformed 92.19% 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) | 64.19 | NEUTRAL | The RSI value for ORKA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests ORKA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.94 | NEUTRAL | The Stochastics value for ORKA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.89 | HIGH VOLATILITY | The high ATR as a percentage value for ORKA suggests high volalility. |
| Average Directional Index/ADX (14) | 48.28 | POSITIVE | The high ADX value value for ORKA suggests a strong 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 |
|---|---|---|---|
| 28.29 | 27.49 | 0.80 (2.83%) | 25.00% |
| An entry @28.29. This is a Buy Stop order right above the resistance zone. | An exit @27.49. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.80 points, which is 2.83%. | For a 0.71% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
28.2
+0.24 (+0.86%)
ORUKA THERAPEUTICS INC / ORKA FAQ
What is the technical rating for ORKA stock?
ChartMill assigns a technical rating of 9 / 10 to ORKA.
What is the current trend direction of ORUKA THERAPEUTICS INC (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 64.1904. This indicates that the stock is currently neutral.
What is the MACD signal for ORUKA THERAPEUTICS INC (ORKA) stock?
The MACD indicator for ORUKA THERAPEUTICS INC (ORKA) has a value of -0.323336, indicating a bearish trend.
What is the support and resistance level for ORKA stock?
ORUKA THERAPEUTICS INC (ORKA) has a support level at 27.75 and a resistance level at 28.21. Check the full technical report for our detailed analysis of ORKA support and resistance levels.