ORN Technical Analysis - ORION GROUP HOLDINGS INC

Technical Rating and Analysis

Taking everything into account, ORN scores 8 out of 10 in our technical rating. ORN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

When comparing the yearly performance of all stocks, we notice that ORN is one of the better performing stocks in the market, outperforming 82% of all stocks.

ORN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ORN is lagging the market slightly.

ORN is part of the Construction & Engineering industry. There are 54 other stocks in this industry, ORN did better than 60% of them.

In the last month ORN has a been trading in the 8.03 - 9.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ORION GROUP HOLDINGS INC / ORN Weekly stock chart

ORION GROUP HOLDINGS INC / ORN Daily stock chart

Setup Rating and Analysis

ORN 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.36

9.16

We found 4 important support areas.

A support zone ranging from 8.17 to 8.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @7.56 from a trend line in the weekly time frame.
Support @7.26 from a trend line in the daily time frame.
Support @5.41 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 8.43 to 8.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 8.97 to 9.07. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 ORN is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ORN is neutral.
ChartMill Relative Strength	82.26	POSITIVE	ORN has a high relative strength, it outperformed 82.26% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ORN is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ORN is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ORN is above the rising SMA(200).
Relative Strength Index/RSI (14)	48.97	NEUTRAL	The RSI value for ORN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests ORN has a negative trend.
Stochastics (14,3)	57.8	NEUTRAL	The Stochastics value for ORN is a neutral value.
Average True Range in percent/ATR (20)	4.51	MEDIUM VOLATILITY	The ATR as a percentage value for ORN suggests some volalility.
Average Directional Index/ADX (14)	24.38	NEUTRAL	The ADX value for ORN suggests a possible start of a new trend.