ORION GROUP HOLDINGS INC (ORN) Stock Technical Analysis
NYSE:ORN - New York Stock Exchange, Inc. - US68628V3087 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to ORN. ORN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month ORN has a been trading in the 8.39 - 9.61 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
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.
Looking at the yearly performance, ORN did better than 76% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
ORN is part of the Construction & Engineering industry. There are 49 other stocks in this industry, ORN did better than 45% of them.
ORN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ORN is lagging the market.
Although the technical rating is only medium, ORN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 8.57, a Stop Loss order could be placed below this zone.
More info and screens
5.17
9.71
We found 2 important support areas.
- A support zone ranging from 8.44 to 8.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.22 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.61 to 9.61. 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 ORN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ORN is neutral. |
| ChartMill Relative Strength | 76.73 | POSITIVE | ORN has a high relative strength, it outperformed 76.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ORN is below a declining 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) | 46.8 | NEUTRAL | The RSI value for ORN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests ORN has a negative trend. |
| Stochastics (14,3) | 14.07 | OVERSOLD | The low Stochastics value suggests ORN may be oversold. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for ORN suggests some volalility. |
| Average Directional Index/ADX (14) | 35.81 | POSITIVE | The high ADX value value for ORN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 8.97 | 8.52 | 0.45 (5.02%) | 19.93% |
| An entry @8.97. This is a Buy Stop order right above the 10 day moving average. | An exit @8.52. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.45 points, which is 5.02%. | When investing 19.93% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ORN. 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.
8.58
-0.07 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.81%
1 Week-10.62%
2 Weeks-5.3%
1 Month-1.94%
3 Month49.22%
6 Month26.18%
12 Month-10.9%
2 Year128.8%
3 Year220.15%
5 Year197.92%
10 Year18.51%
15 Year-30.92%
Volatility
ATR(14)0.37
ATR(20)%4.06%
ATR Inc-45.42%
Range Today0.22
ADR(20)0.34
ADR(20)%4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.73
Mansfield0.82
10 Day High9.61
10 Day Low8.53
20 Day High9.61
20 Day Low8.39
52 Week High12.12
52 Week Low4.64
CS1 End8.57
CR1 Start9.61
Volume & EV
DER(3)-1.61%
DER(5)-1.82%
Volume255.20K
Volume Incr-17.75%
Vol(5)299.20K
Vol(50)415.04K