ORANGEKLOUD TECHNOLOGY INC (ORKT) Stock Technical Analysis
NASDAQ:ORKT - KYG6781F1019 - Common Stock
0.7369 USD
+0.02 (+3.06%)
0.737 USD
+0 (+0.01%)
We assign a technical rating of 3 out of 10 to ORKT. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
88% of all other stocks performed better in the past year than ORKT.
ORKT is one of the lesser performing stocks in the IT Services industry. 63% of 83 stocks in the same industry do better.
ORKT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ORKT has a been trading in the 0.66 - 0.89 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ORKT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.71, a Stop Loss order could be placed below this zone. 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
0.57
0.82
We found 2 important support areas.
- A support zone ranging from 0.71 to 0.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.58 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.75 to 0.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.79 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 | NEUTRAL | NEUTRAL | The short term trend for ORKT is neutral. |
| ChartMill Relative Strength | 12.76 | NEGATIVE | ORKT has a low relative strength, it was outperformed by 87.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ORKT is below a declining 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) | 51.27 | NEUTRAL | The RSI value for ORKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ORKT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.62 | NEUTRAL | The Stochastics value for ORKT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.93 | HIGH VOLATILITY | The high ATR as a percentage value for ORKT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.57 | POSITIVE | The high ADX value value for ORKT suggests a strong 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)
0.7369
+0.02 (+3.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg3.06%
1 Week-0.35%
2 Weeks-7.77%
1 Month-7.27%
3 Month56.75%
6 Month-33.01%
12 Month-85.23%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%8.93%
ATR Inc-30.31%
Range Today0.04
ADR(20)0.06
ADR(20)%8.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.76
Mansfield-6.56
10 Day High0.82
10 Day Low0.67
20 Day High0.89
20 Day Low0.66
52 Week High8
52 Week Low0.4
CS1 End0.71
CR1 Start0.75
Volume & EV
DER(3)11.99%
DER(5)14.46%
Volume45.90K
Volume Incr-51.97%
Vol(5)90.66K
Vol(50)225.24K