ORLA MINING LTD (ORLA) Stock Technical Analysis
NYSEARCA:ORLA - CA68634K1066 - Common Stock
11.07 USD
+0.67 (+6.44%)
11.03 USD
-0.04 (-0.36%)
Overall ORLA gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ORLA is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ORLA is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by ORLA over the past year are nicely spread over this period.
ORLA is part of the Metals & Mining industry. There are 155 other stocks in this industry. ORLA outperforms 86% of them.
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.
In the last month ORLA has a been trading in the 9.16 - 11.12 range, which is quite wide. It is currently trading near the high of this range.
ORLA has an average volume of 1787280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ORLA has an excellent technical rating, it does not present a decent entry opportunity 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
9.36
12.77
2 important support areas can be observed.
- A support zone ranging from 9.99 to 10.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.45 to 9.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @11.49 from a horizontal line in the weekly time frame.
- Resistance @12.35 from a horizontal line in the daily time frame.
- Resistance @12.64 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 | UP | POSITIVE | The short term trend for ORLA is up. |
| ChartMill Relative Strength | 95.71 | POSITIVE | ORLA has a high relative strength, it outperformed 95.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORLA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ORLA is above the rising 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) | 59.41 | NEUTRAL | The RSI value for ORLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ORLA has a positive trend. |
| Stochastics (14,3) | 86.92 | OVERBOUGHT | The high Stochastics value suggests ORLA may be overbought. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for ORLA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.71 | 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)
11.07
+0.67 (+6.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg6.44%
1 Week17.02%
2 Weeks13.07%
1 Month12.39%
3 Month4.73%
6 Month57.92%
12 Month163.57%
2 Year132.56%
3 Year230.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%4.73%
ATR Inc-11.05%
Range Today0.62
ADR(20)0.5
ADR(20)%4.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.71
Mansfield3.13
10 Day High11.12
10 Day Low9.34
20 Day High11.12
20 Day Low9.16
52 Week High12.83
52 Week Low3.81
CS1 End10.12
CR1 Start11.49
Volume & EV
DER(3)-0.04%
DER(5)1.88%
Volume1.81M
Volume Incr-3.31%
Vol(5)1.40M
Vol(50)1.79M