Taking everything into account, ORLA scores 10 out of 10 in our technical rating. 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.
Although ORLA has an excellent technical rating, it 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.
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9.21
When analyzing the support we can see 6 important areas.
- A support zone ranging from 13.07 to 13.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 12.41 to 12.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.75 from a trend line in the weekly time frame.
- Support @10.16 from a trend line in the weekly 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.
We found 1 important resistance area.
- A resistance zone ranging from 14.40 to 14.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
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) | 65.8 | NEUTRAL | The RSI value for ORLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ORLA has a positive trend. |
| Stochastics (14,3) | 80.62 | OVERBOUGHT | The high Stochastics value suggests ORLA may be overbought. |
| Average True Range in percent/ATR (20) | 5.04 | HIGH VOLATILITY | The high ATR as a percentage value for ORLA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.49 | NEUTRAL | The ADX value for ORLA suggests a possible start of a new trend. |
14.39
+0.21 (+1.48%)
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.
What is the trend direction for ORLA stock?
The current trend direction for ORLA MINING LTD (ORLA) is Bullish.
What is the RSI signal for ORLA stock?
ORLA MINING LTD (ORLA) has an RSI value of 65.8039. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ORLA MINING LTD?
The MACD indicator for ORLA MINING LTD (ORLA) has a value of 0.0743121, indicating a bearish trend.
What is the support and resistance level for ORLA stock?
ORLA MINING LTD (ORLA) has a support level at 13.45 and a resistance level at 14.4. Check the full technical report for our detailed analysis of ORLA support and resistance levels.