ORAMED PHARMACEUTICALS INC (ORMP) Technical Analysis
NASDAQ:ORMP • US68403P2039
Current stock price
ORMP Technical Rating and Analysis
Overall ORMP gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that ORMP is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by ORMP over the past year are nicely spread over this period.
- ORMP is part of the Pharmaceuticals industry. There are 193 other stocks in this industry. ORMP outperforms 76% of them.
- ORMP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ORMP is performing more or less in line with the market.
- In the last month ORMP has a been trading in the 3.15 - 3.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ORMP Weekly and Daily overview Charts
ORMP Setup Rating and Analysis
ORMP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 3.21, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
ORMP Support and Resistance Analysis
2.08
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.16 to 3.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.41 from a trend line in the daily time frame.
- Support @2.37 from a trend line in the weekly time frame.
- A support zone ranging from 2.10 to 2.10. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @3.34 from a trend line in the daily time frame.
- A resistance zone ranging from 3.41 to 3.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.69 to 3.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
ORMP Technical Indicator Signal Analysis
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 ORMP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ORMP is neutral. |
| ChartMill Relative Strength | 87.82 | POSITIVE | ORMP has a high relative strength, it outperformed 87.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ORMP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ORMP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ORMP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.33 | NEUTRAL | The RSI value for ORMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ORMP has a negative trend. |
| Stochastics (14,3) | 40.21 | NEUTRAL | The Stochastics value for ORMP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for ORMP suggests high volalility. |
| Average Directional Index/ADX (14) | 16.28 | NEGATIVE | The low ADX value for ORMP suggests a weak or negative trend. |
ORMP Chart- and CandleStick Pattern Analysis
ORMP Example Setup
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 |
|---|---|---|---|
| 3.35 | 3.22 | 0.13 (3.88%) | 25.00% |
| An entry @3.35. This is a Buy Stop order right above the resistance zone. | An exit @3.22. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.13 points, which is 3.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%. |
- The distance between exit and entry is rather small compared to the average daily movement of ORMP. Please evaluate whether better entry and exit points can be found.
- 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.
ORMP Technicals: Chart, Performance Metrics, Trend & Indicators
3.31
-0.01 (-0.3%)
ORAMED PHARMACEUTICALS INC / ORMP TA FAQ
What is the technical rating for ORMP stock?
ChartMill assigns a technical rating of 8 / 10 to ORMP.
What is the trend direction for ORMP stock?
The current trend direction for ORAMED PHARMACEUTICALS INC (ORMP) is Bullish.
What is the RSI signal for ORAMED PHARMACEUTICALS INC (ORMP) stock?
ORAMED PHARMACEUTICALS INC (ORMP) has an RSI value of 45.3325. This indicates that the stock is currently neutral.
What is the short term momentum for ORAMED PHARMACEUTICALS INC (ORMP) stock?
The short term momentum for ORAMED PHARMACEUTICALS INC (ORMP) is neutral.
Can you provide the support and resistance levels for ORAMED PHARMACEUTICALS INC?
ORAMED PHARMACEUTICALS INC (ORMP) has a support level at 3.21 and a resistance level at 3.34. Check the full technical report for our detailed analysis of ORMP support and resistance levels.