ORFORD MINING CORP (ORM.CA) Stock Technical Analysis
Canada - TSX-V:ORM - CA68617N1015 - Common Stock
We assign a technical rating of 9 out of 10 to ORM. Both in the recent history as in the last year, ORM has proven to be a steady performer, scoring decent points in every aspect analyzed.
ORM has an excellent technical rating, but the quality of the setup is only medium 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
0.04
2 important support areas can be observed.
- A support zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.04 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 ORM.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORM.CA is up. |
| ChartMill Relative Strength | 93.99 | POSITIVE | ORM.CA has a high relative strength, it outperformed 93.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORM.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ORM.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ORM.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.35 | NEUTRAL | The RSI value for ORM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ORM.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.78 | NEUTRAL | The Stochastics value for ORM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.05 | MEDIUM VOLATILITY | The ATR as a percentage value for ORM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 46.89 | POSITIVE | The high ADX value value for ORM.CA 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 |
|---|---|---|---|
| 0.12 | 0.09 | 0.03 (29.17%) | 3.43% |
| An entry @0.12. This is a Buy Stop order right above the 10 day high. | An exit @0.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.03 points, which is 29.17%. | For a 1.00% total portfolio risk, you can invest 3.43% 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.
TSX-V:ORM (4/2/2024, 7:00:00 PM)
0.105
0 (0%)
ORFORD MINING CORP / ORM.CA FAQ
What is the technical rating for ORM stock?
ChartMill assigns a technical rating of 9 / 10 to ORM.CA.
Can you provide the trend direction for ORFORD MINING CORP?
The current trend direction for ORFORD MINING CORP (ORM.CA) is Bullish.
What is the RSI signal for ORFORD MINING CORP (ORM.CA) stock?
ORFORD MINING CORP (ORM.CA) has an RSI value of 65.3521. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ORFORD MINING CORP?
The MACD indicator for ORFORD MINING CORP (ORM.CA) has a value of 0.000408797, indicating a bearish trend.
Can you provide the buy/sell signal for ORFORD MINING CORP?
The buy/sell signal for ORFORD MINING CORP (ORM.CA) is buy as both the short term and long term trends are positive.