ORANGEKLOUD TECHNOLOGY INC (ORKT) Technical Analysis
NASDAQ:ORKT • KYG6781F1191
Current stock price
ORKT Technical Rating and Analysis
Taking everything into account, ORKT scores 4 out of 10 in our technical rating. In the past year, ORKT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 79% of all other stocks performed better in the past year than ORKT.
- ORKT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month ORKT has a been trading in the 0.97 - 1.13 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- ORKT is part of the IT Services industry. There are 88 other stocks in this industry, ORKT did better than 67% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ORKT Weekly and Daily overview Charts
ORKT Setup Rating and Analysis
ORKT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for ORKT 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.
More info and screens
ORKT Support and Resistance Analysis
0.97
3 important support areas can be observed.
- A support zone ranging from 1.06 to 1.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.03 to 1.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.98 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.13 to 1.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.38 from a trend line in the daily time frame.
- Resistance @1.98 from a trend line in the daily time frame.
ORKT 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 | DOWN | NEGATIVE | The long term trend for ORKT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORKT is up. |
| ChartMill Relative Strength | 21.27 | NEGATIVE | ORKT has a low relative strength, it was outperformed by 78.73% 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) | UP | POSITIVE | The current price of ORKT is above the rising 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) | 62.59 | 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. |
| Stochastics (14,3) | 90.49 | OVERBOUGHT | The high Stochastics value suggests ORKT may be overbought. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for ORKT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.58 | NEGATIVE | The low ADX value for ORKT suggests a weak or negative trend. |
ORKT Chart- and CandleStick Pattern Analysis
ORKT Technicals: Chart, Performance Metrics, Trend & Indicators
1.12
+0.02 (+1.36%)
ORANGEKLOUD TECHNOLOGY INC / ORKT TA FAQ
What is the technical rating for ORKT stock?
ChartMill assigns a technical rating of 4 / 10 to ORKT.
What is the trend direction for ORKT stock?
The current trend direction for ORANGEKLOUD TECHNOLOGY INC (ORKT) is Bearish.
Can you provide the RSI signal for ORANGEKLOUD TECHNOLOGY INC?
ORANGEKLOUD TECHNOLOGY INC (ORKT) has an RSI value of 62.5942. This indicates that the stock is currently neutral.
What is the short term momentum for ORANGEKLOUD TECHNOLOGY INC (ORKT) stock?
The short term momentum for ORANGEKLOUD TECHNOLOGY INC (ORKT) is positive.
Can you provide the buy/sell signal for ORANGEKLOUD TECHNOLOGY INC?
The buy/sell signal for ORANGEKLOUD TECHNOLOGY INC (ORKT) is hold as the short term and long term trends are mixed.