ORLA MINING LTD (ORLA) Stock Technical Analysis
NYSEARCA:ORLA • CA68634K1066
We assign a technical rating of 10 out of 10 to ORLA. Both in the recent history as in the last year, ORLA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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 97% of all stocks. On top of that, ORLA also shows a nice and consistent pattern of rising prices.
- 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 2792150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ORLA is an average performer in the Metals & Mining industry, it outperforms 68% of 157 stocks in the same industry.
- In the last month ORLA has a been trading in the 14.42 - 20.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ORLA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 15.39, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ORLA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.21
6 important support areas can be observed.
- A support zone ranging from 15.09 to 15.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.69 from a trend line in the weekly time frame.
- Support @10.43 from a trend line in the weekly time frame.
- Support @9.94 from a trend line in the daily time frame.
- Support @9.57 from a horizontal line in the daily time frame.
- Support @9.30 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 | 97.09 | POSITIVE | ORLA has a high relative strength, it outperformed 97.09% 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) | 57.42 | NEUTRAL | The RSI value for ORLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ORLA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.89 | NEUTRAL | The Stochastics value for ORLA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.3 | HIGH VOLATILITY | The high ATR as a percentage value for ORLA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.47 | NEGATIVE | The low ADX value for ORLA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.98 | 14.41 | 3.57 (19.86%) | 5.03% |
| An entry @17.98. This is a Buy Stop order right above the 10 day high. | An exit @14.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.57 points, which is 19.86%. | When investing 5.03% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.65
+0.62 (+3.64%)
ORLA MINING LTD / ORLA FAQ
Can you provide the ChartMill technical rating for ORLA MINING LTD?
ChartMill assigns a technical rating of 10 / 10 to ORLA.
Can you provide the trend direction for ORLA MINING LTD?
The current trend direction for ORLA MINING LTD (ORLA) is Bullish.
Can you provide the RSI signal for ORLA MINING LTD?
ORLA MINING LTD (ORLA) has an RSI value of 57.4208. This indicates that the stock is currently neutral.
What is the buy/sell signal for ORLA MINING LTD (ORLA) stock?
The buy/sell signal for ORLA MINING LTD (ORLA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ORLA MINING LTD (ORLA) stock?
ORLA MINING LTD (ORLA) has a support level at 15.39. Check the full technical report for our detailed analysis of ORLA support and resistance levels.