ORLA MINING LTD (ORLA) Stock Technical Analysis
NYSEARCA:ORLA - NYSE Arca - CA68634K1066 - Common Stock - Currency: USD
Overall ORLA gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month ORLA has a been trading in the 9.41 - 12.43 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that ORLA is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, ORLA also shows a nice and consistent pattern of rising prices.
ORLA is one of the better performing stocks in the Metals & Mining industry, it outperforms 89% of 154 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 1594090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
ORLA 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
9.46
11.39
When analyzing the support we notice one important area.
- A support zone ranging from 9.56 to 9.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.06 to 10.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.28 from a horizontal line in the weekly 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 | 96.13 | POSITIVE | ORLA has a high relative strength, it outperformed 96.13% 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) | 45.64 | NEUTRAL | The RSI value for ORLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests ORLA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.71 | NEUTRAL | The Stochastics value for ORLA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.43 | HIGH VOLATILITY | The high ATR as a percentage value for ORLA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.83 | 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)
10.05
+0.15 (+1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.52%
1 Week2.03%
2 Weeks-11.38%
1 Month-10.11%
3 Month22.41%
6 Month68.06%
12 Month159.02%
2 Year115.67%
3 Year233.89%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%5.43%
ATR Inc-24.27%
Range Today0.25
ADR(20)0.51
ADR(20)%5.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.13
Mansfield3.94
10 Day High11.49
10 Day Low9.41
20 Day High12.43
20 Day Low9.41
52 Week High12.43
52 Week Low3.24
CS1 End9.56
CR1 Start10.59
Volume & EV
DER(3)1%
DER(5)2.84%
Volume1.03M
Volume Incr-50.77%
Vol(5)1.10M
Vol(50)1.59M