ORAMED PHARMACEUTICALS INC (ORMP) Stock Technical Analysis
USA - NASDAQ:ORMP - US68403P2039 - Common Stock
Taking everything into account, ORMP scores 5 out of 10 in our technical rating. ORMP has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, ORMP does present a nice setup opportunity. Prices have been consolidating lately. 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
2.01
3 important support areas can be observed.
- Support @2.20 from a trend line in the daily time frame.
- A support zone ranging from 2.07 to 2.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.03 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.34 to 2.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.48 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.58 to 2.60. This zone is formed by a combination of multiple trend lines in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for ORMP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ORMP is neutral. |
| ChartMill Relative Strength | 68.89 | NEUTRAL | ORMP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ORMP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ORMP is below the rising 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) | 48.93 | NEUTRAL | The RSI value for ORMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ORMP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.17 | NEUTRAL | The Stochastics value for ORMP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.88 | MEDIUM VOLATILITY | The ATR as a percentage value for ORMP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.74 | NEGATIVE | The low ADX value for ORMP suggests a weak or negative trend. |
2.33
-0.07 (-2.92%)
ORAMED PHARMACEUTICALS INC / ORMP FAQ
What is the technical rating for ORMP stock?
ChartMill assigns a technical rating of 5 / 10 to ORMP.
What is the current trend direction of ORAMED PHARMACEUTICALS INC (ORMP) stock?
The current trend direction for ORAMED PHARMACEUTICALS INC (ORMP) is Bearish.
What is the RSI signal for ORAMED PHARMACEUTICALS INC (ORMP) stock?
ORAMED PHARMACEUTICALS INC (ORMP) has an RSI value of 48.9305. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ORAMED PHARMACEUTICALS INC?
The MACD indicator for ORAMED PHARMACEUTICALS INC (ORMP) has a value of 0.00871478, indicating a bearish trend.
What is the support and resistance level for ORMP stock?
ORAMED PHARMACEUTICALS INC (ORMP) has a support level at 2.2 and a resistance level at 2.34. Check the full technical report for our detailed analysis of ORMP support and resistance levels.