ORLA MINING LTD (ORLA) Stock Technical Analysis
NYSEARCA:ORLA - NYSE Arca - CA68634K1066 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to ORLA. 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 9.16 - 12.83 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, ORLA did better than 95% of all other stocks. On top of that, ORLA also shows a nice and consistent pattern of rising prices.
ORLA is part of the Metals & Mining industry. There are 157 other stocks in this industry. ORLA outperforms 87% of them.
ORLA has an average volume of 1650590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
ORLA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ORLA is lagging the market.
ORLA has an average technical rating and the quality of the presented setup is also not ideal 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
9.20
12.47
We found 1 important support area.
- A support zone ranging from 9.29 to 9.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @12.35 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 | DOWN | NEGATIVE | The short term trend for ORLA is down. |
| ChartMill Relative Strength | 95.93 | POSITIVE | ORLA has a high relative strength, it outperformed 95.93% 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) | 44.8 | NEUTRAL | The RSI value for ORLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests ORLA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.99 | OVERSOLD | The low Stochastics value suggests ORLA may be oversold. |
| Average True Range in percent/ATR (20) | 6.46 | HIGH VOLATILITY | The high ATR as a percentage value for ORLA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.76 | NEUTRAL | The ADX value for ORLA 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)
9.96
+0.44 (+4.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.62%
1 Week0%
2 Weeks-18.36%
1 Month-6.39%
3 Month-10.27%
6 Month37.95%
12 Month185.39%
2 Year109.24%
3 Year197.31%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%6.46%
ATR Inc-34.68%
Range Today0.43
ADR(20)0.55
ADR(20)%5.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.93
Mansfield2.56
10 Day High12.83
10 Day Low9.16
20 Day High12.83
20 Day Low9.16
52 Week High12.83
52 Week Low3.49
CS1 End9.51
CR1 Start12.35
Volume & EV
DER(3)-3.68%
DER(5)-2.46%
Volume843.10K
Volume Incr-18.34%
Vol(5)1.09M
Vol(50)1.65M