Overall ORKA gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ORKA is showing a nice and steady performance.
Although ORKA has an excellent technical rating, the quality of the presented setup is not ideal 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
18.46
When analyzing the support we can see 4 important areas.
- A support zone ranging from 28.15 to 28.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 26.84 to 27.08. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @19.29 from a trend line in the daily time frame.
- Support @18.65 from a trend 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 | 95.88 | POSITIVE | ORKA has a high relative strength, it outperformed 95.88% 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) | 61.12 | NEUTRAL | The RSI value for ORKA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests ORKA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.14 | NEUTRAL | The Stochastics value for ORKA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.04 | HIGH VOLATILITY | The high ATR as a percentage value for ORKA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.17 | NEUTRAL | The ADX value for ORKA suggests a possible start of a new trend. |
31.84
+3.69 (+13.11%)
ORUKA THERAPEUTICS INC / ORKA FAQ
What is the technical rating for ORKA stock?
ChartMill assigns a technical rating of 8 / 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 61.1164. 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 -0.196055, indicating a bearish trend.
What is the support and resistance level for ORKA stock?
ORUKA THERAPEUTICS INC (ORKA) has a support level at 28.37. Check the full technical report for our detailed analysis of ORKA support and resistance levels.