ORLA MINING LTD (ORLA) Technical Analysis
NYSEARCA:ORLA • CA68634K1066
Current stock price
ORLA Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to ORLA. ORLA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- ORLA is one of the lesser performing stocks in the Metals & Mining industry. 72% of 163 stocks in the same industry do better.
- In the last month ORLA has a been trading in the 12.90 - 19.00 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.
- ORLA has an average volume of 2433410 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, the long term trend is neutral. Not much exciting going on here.
- When comparing the performance of all stocks over the past year, ORLA turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
- 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 Weekly and Daily overview Charts
ORLA Setup Rating and Analysis
The technical rating of ORLA is bad and it also does not present a 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
ORLA Support and Resistance Analysis
9.21
4 important support areas can be observed.
- A support zone ranging from 12.87 to 12.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.76 from a trend line in the weekly time frame.
- Support @9.91 from a trend line in the daily time frame.
- Support @9.30 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.35 to 16.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
ORLA 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 | NEUTRAL | NEUTRAL | The long term trend for ORLA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ORLA is down. |
| ChartMill Relative Strength | 54.26 | NEUTRAL | ORLA is not amongst the best or worst performers 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 | MIXED | The current price of ORLA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.76 | NEUTRAL | The RSI value for ORLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests ORLA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.89 | OVERSOLD | The low Stochastics value suggests ORLA may be oversold. |
| Average True Range in percent/ATR (20) | 6.55 | HIGH VOLATILITY | The high ATR as a percentage value for ORLA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.46 | NEUTRAL | The ADX value for ORLA suggests a possible start of a new trend. |
ORLA Chart- and CandleStick Pattern Analysis
ORLA Technicals: Chart, Performance Metrics, Trend & Indicators
13.3
+0.2 (+1.53%)
ORLA MINING LTD / ORLA TA FAQ
Can you provide the ChartMill technical rating for ORLA MINING LTD?
ChartMill assigns a technical rating of 1 / 10 to ORLA.
Can you provide the trend direction for ORLA MINING LTD?
The current trend direction for ORLA MINING LTD (ORLA) is Bearish.
What is the RSI signal for ORLA stock?
ORLA MINING LTD (ORLA) has an RSI value of 33.7612. This indicates that the stock is currently neutral.
What is the MACD signal for ORLA stock?
The MACD indicator for ORLA MINING LTD (ORLA) has a value of -0.306028, indicating a bearish trend.
What is the short term momentum for ORLA MINING LTD (ORLA) stock?
The short term momentum for ORLA MINING LTD (ORLA) is negative.