ORION GROUP HOLDINGS INC (ORN)
US68628V3087 - Common Stock
We assign a technical rating of 8 out of 10 to ORN. 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.
In the last month ORN has a been trading in the 7.75 - 9.84 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.
Looking at the yearly performance, ORN did better than 98% of all other stocks. On top of that, ORN also shows a nice and consistent pattern of rising prices.
ORN is one of the better performing stocks in the Construction & Engineering industry, it outperforms 100% of 41 stocks in the same industry.
ORN 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 ORN is performing more or less in line with the market.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Besides having an excellent technical rating, ORN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.86, a Stop Loss order could be placed below this zone.
More info and screens
4.89
8.82
We found 4 important support areas.
- A support zone ranging from 7.86 to 7.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.28 from a trend line in the daily time frame.
- Support @5.31 from a trend line in the weekly time frame.
- Support @4.94 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.55 to 8.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.71
Mansfield5.18
10 Day High9.05
10 Day Low7.75
20 Day High9.84
20 Day Low7.75
52 Week High9.84
52 Week Low2.33
Performance
1 Week-9.64%
2 Weeks-8.06%
1 Month-5.86%
3 Month51.64%
6 Month47.65%
12 Month223.87%
2 Year195.87%
3 Year46.01%
5 Year203.86%
10 Year-32.91%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.17
RSI(14)45.47
LBB7.6
UBB9.33
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 |
|---|---|---|---|
| 8.29 | 7.85 | 0.44 (5.31%) | 18.84% |
| An entry @8.29. This is a Buy Stop order right above the 10 day moving average. | An exit @7.85. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.44 points, which is 5.31%. | For a 1.00% total portfolio risk, you can invest 18.84% of your capital in this trade. |
- 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.
ORION GROUP HOLDINGS INC
NYSE:ORN (4/18/2024, 7:12:33 PM)
After market: 7.87 0 (0%)7.87
-0.15 (-1.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-1.87%
1 Week-9.64%
2 Weeks-8.06%
1 Month-5.86%
3 Month51.64%
6 Month47.65%
12 Month223.87%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.51
ATR(20)%7.33%
ATR Inc
Range Today0.26
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High9.05
10 Day Low7.75
20 Day High9.84
20 Day Low7.75
52 Week High9.84
52 Week Low2.33
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume194.10K
Volume Incr-49.95%
Vol(5)254.41K
Vol(50)352.44K