ORLA MINING LTD (ORLA) Stock Technical Analysis
USA - NYSEARCA:ORLA - CA68634K1066 - Common Stock
10.22 USD
-0.85 (-7.68%)
10.4801 USD
+0.26 (+2.55%)
Overall ORLA gets a technical rating of 7 out of 10. ORLA was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month ORLA has a been trading in the 10.11 - 12.91 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, ORLA did better than 93% of all other stocks. We also observe that the gains produced by ORLA over the past year are nicely spread over this period.
ORLA is one of the better performing stocks in the Metals & Mining industry, it outperforms 70% of 156 stocks in the same industry.
ORLA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ORLA is lagging the market slightly.
ORLA has an average volume of 2063090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although ORLA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.20
12.76
We found 3 important support areas.
- Support @10.04 from a trend line in the daily time frame.
- A support zone ranging from 9.51 to 9.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.29 to 9.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @11.73 from a horizontal line in the weekly time frame.
- Resistance @12.63 from a horizontal 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 ORLA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ORLA is neutral. |
| ChartMill Relative Strength | 93.61 | POSITIVE | ORLA has a high relative strength, it outperformed 93.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ORLA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ORLA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ORLA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.68 | NEUTRAL | The RSI value for ORLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests ORLA has a negative trend. |
| Stochastics (14,3) | 21.75 | NEUTRAL | The Stochastics value for ORLA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.75 | HIGH VOLATILITY | The high ATR as a percentage value for ORLA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.32 | NEGATIVE | The low ADX value for ORLA 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)
10.22
-0.85 (-7.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-7.68%
1 Week-11.59%
2 Weeks-12.8%
1 Month-1.45%
3 Month-9.16%
6 Month15.61%
12 Month147.46%
2 Year186.28%
3 Year213.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%5.75%
ATR Inc22.47%
Range Today0.48
ADR(20)0.54
ADR(20)%5.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.61
Mansfield1.3
10 Day High12.91
10 Day Low10.11
20 Day High12.91
20 Day Low10.11
52 Week High12.91
52 Week Low3.81
CS1 End10.04
CR1 Start11.73
Volume & EV
DER(3)-2.38%
DER(5)-1.44%
Volume23.46M
Volume Incr387.51%
Vol(5)7.42M
Vol(50)2.06M