O'REILLY AUTOMOTIVE INC (ORLY) Stock Technical Analysis
USA - NASDAQ:ORLY - US67103H1077 - Common Stock
Taking everything into account, ORLY scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ORLY is showing a nice and steady performance.
Besides having an excellent technical rating, ORLY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 96.87, a Stop Loss order could be placed below this zone.
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85.53
We found 4 important support areas.
- A support zone ranging from 94.44 to 96.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 91.70 to 91.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong support @89.80 from a horizontal line in the daily time frame.
- Support @86.39 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 107.50 to 107.82. 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 ORLY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORLY is up. |
| ChartMill Relative Strength | 79.56 | POSITIVE | ORLY has a high relative strength, it outperformed 79.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORLY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ORLY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ORLY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.03 | NEUTRAL | The RSI value for ORLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests ORLY has a positive trend. |
| Stochastics (14,3) | 88.8 | OVERBOUGHT | The high Stochastics value suggests ORLY may be overbought. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for ORLY suggests some volalility. |
| Average Directional Index/ADX (14) | 25.51 | POSITIVE | The high ADX value value for ORLY suggests a strong 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 |
|---|---|---|---|
| 101.37 | 95.67 | 5.70 (5.62%) | 17.78% |
| An entry @101.37. This is a Buy Stop order right above the 10 day high. | An exit @95.67. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.70 points, which is 5.62%. | For a 1.00% total portfolio risk, you can invest 17.78% of your capital in this trade. |
- 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.
100.43
+1.42 (+1.43%)
O'REILLY AUTOMOTIVE INC / ORLY FAQ
What is the technical rating for ORLY stock?
ChartMill assigns a technical rating of 8 / 10 to ORLY.
What is the trend direction for ORLY stock?
The current trend direction for O'REILLY AUTOMOTIVE INC (ORLY) is Bullish.
What is the RSI signal for ORLY stock?
O'REILLY AUTOMOTIVE INC (ORLY) has an RSI value of 57.0299. This indicates that the stock is currently neutral.
What is the MACD signal for O'REILLY AUTOMOTIVE INC (ORLY) stock?
The MACD indicator for O'REILLY AUTOMOTIVE INC (ORLY) has a value of 0.615707, indicating a bearish trend.
What is the short term momentum for O'REILLY AUTOMOTIVE INC (ORLY) stock?
The short term momentum for O'REILLY AUTOMOTIVE INC (ORLY) is positive.