ORANGEKLOUD TECHNOLOGY INC (ORKT) Stock Technical Analysis
NASDAQ:ORKT - Nasdaq - KYG6781F1019 - Common Stock - Currency: USD
Taking everything into account, ORKT scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ORKT was also a bad performer in the overall market in the last year.
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 part of the IT Services industry. There are 82 other stocks in this industry, of which 91% are performing better than ORKT.
In the last month ORKT has a been trading in the 0.47 - 0.81 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.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ORKT has an average technical rating and it also does not offer a high quality setup 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
0.50
0.82
We found 1 important support area.
- Support @0.51 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.80 to 0.81. 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 | 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 | 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) | 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) | 75.47 | OVERBOUGHT | The high RSI value suggests ORKT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ORKT has a positive trend. |
| Stochastics (14,3) | 95.7 | OVERBOUGHT | The high Stochastics value suggests ORKT may be overbought. |
| Average True Range in percent/ATR (20) | 8.45 | HIGH VOLATILITY | The high ATR as a percentage value for ORKT suggests high volalility. |
| Average Directional Index/ADX (14) | 24.78 | NEUTRAL | The ADX value for ORKT suggests a possible start of a new 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)
0.789
-0.01 (-1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-1.36%
1 Week33.53%
2 Weeks54.71%
1 Month46.11%
3 Month21.76%
6 Month-76.38%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%8.45%
ATR Inc27.44%
Range Today0.07
ADR(20)0.07
ADR(20)%8.28%
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 High0.81
10 Day Low0.47
20 Day High0.81
20 Day Low0.47
52 Week HighN/A
52 Week LowN/A
CS1 End0.51
CR1 Start0.8
Volume & EV
DER(3)-5.3%
DER(5)-3.04%
Volume161.90K
Volume Incr125.01%
Vol(5)599.04K
Vol(50)277.59K