ORRSTOWN FINL SERVICES INC (ORRF) Stock Technical Analysis
NASDAQ:ORRF - US6873801053 - Common Stock
34.85 USD
+0.03 (+0.09%)
34.85 USD
0 (0%)
Overall ORRF gets a technical rating of 8 out of 10. Although ORRF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
In the last month ORRF has a been trading in the 31.51 - 35.14 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, ORRF outperforms 55% of them, which is more or less in line with the market.
ORRF is an average performer in the Banks industry, it outperforms 40% of 395 stocks in the same industry.
ORRF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ORRF is lagging the market.
ORRF 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.
More info and screens
27.40
37.20
When analyzing the support we can see 5 important areas.
- A support zone ranging from 34.13 to 34.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 32.70 to 33.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.35 to 31.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.78 from a horizontal line in the daily time frame.
- Support @27.68 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @34.86 from a horizontal line in the weekly time frame.
- Resistance @35.85 from a trend line in the daily time frame.
- A resistance zone ranging from 36.52 to 36.83. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for ORRF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORRF is up. |
| ChartMill Relative Strength | 55.38 | NEUTRAL | ORRF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORRF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ORRF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ORRF is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.9 | NEUTRAL | The RSI value for ORRF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ORRF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.66 | OVERBOUGHT | The high Stochastics value suggests ORRF may be overbought. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for ORRF suggests low volalility. |
| Average Directional Index/ADX (14) | 31.89 | POSITIVE | The high ADX value value for ORRF 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 |
|---|---|---|---|
| 34.87 | 34.12 | 0.75 (2.15%) | 25.00% |
| An entry @34.87. This is a Buy Stop order right above the resistance zone. | An exit @34.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.75 points, which is 2.15%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.54%. |
- The distance between exit and entry is rather small compared to the average daily movement of ORRF. 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.
34.85
+0.03 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.09%
1 Week0.09%
2 Weeks4.62%
1 Month8.2%
3 Month15.93%
6 Month4.03%
12 Month-2.65%
2 Year61.34%
3 Year35.45%
5 Year153.09%
10 Year100.17%
15 Year71.08%
Volatility
ATR(14)0.75
ATR(20)%1.94%
ATR Inc-42.94%
Range Today0.39
ADR(20)0.65
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.38
Mansfield-0.57
10 Day High35.14
10 Day Low32.89
20 Day High35.14
20 Day Low31.51
52 Week High41.99
52 Week Low25.57
CS1 End34.33
CR1 Start34.86
Volume & EV
DER(3)1.66%
DER(5)-0.1%
Volume196.90K
Volume Incr-15.79%
Vol(5)123.56K
Vol(50)159.74K