ORANGEKLOUD TECHNOLOGY INC (ORKT) Stock Technical Analysis
NASDAQ:ORKT - Nasdaq - KYG6781F1019 - Common Stock - Currency: USD
Taking everything into account, ORKT scores 1 out of 10 in our technical rating. ORKT'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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ORKT is a bad performer in the overall market: 100% of all stocks are doing better.
ORKT is one of the lesser performing stocks in the IT Services industry. 91% of 82 stocks in the same industry do better.
In the last month ORKT has a been trading in the 0.42 - 0.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ORKT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.45, a Stop Loss order could be placed below this zone.
More info and screens
0.45
0.57
When analyzing the support we notice one important area.
- A support zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.53 from a trend line in the daily time frame.
- A resistance zone ranging from 0.54 to 0.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.56 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 | DOWN | NEGATIVE | The long term trend for ORKT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ORKT is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | ORKT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORKT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ORKT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ORKT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.34 | NEUTRAL | The RSI value for ORKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ORKT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.37 | NEUTRAL | The Stochastics value for ORKT is a neutral value. |
| Average True Range in percent/ATR (20) | 10.54 | HIGH VOLATILITY | The high ATR as a percentage value for ORKT suggests high volalility. |
| Average Directional Index/ADX (14) | 14.56 | NEGATIVE | The low ADX value for ORKT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.5009
-0.04 (-7.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-7.24%
1 Week-6.04%
2 Weeks8.89%
1 Month8.12%
3 Month-34.95%
6 Month-83.84%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%10.54%
ATR Inc27.46%
Range Today0.08
ADR(20)0.05
ADR(20)%10.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High0.61
10 Day Low0.45
20 Day High0.61
20 Day Low0.42
52 Week HighN/A
52 Week LowN/A
CS1 End0.45
CR1 Start0.53
Volume & EV
DER(3)-17.66%
DER(5)-7.19%
Volume108.80K
Volume Incr75.3%
Vol(5)277.60K
Vol(50)205.65K