Orange Stock Analysis
Technical stock analysis for 22 January 2019
|Shorts||1.64% ( 2018-12-31 )|
Orange fell by -1.88% in the last day from $15.40 to $15.11 The price has fallen in 6 of the last 10 days and is down by -7.24% for this period. Volume has increased in the last day by 214 636 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 584 046 shares bought and sold for approximately $8.82 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the ORAN stock was $15.11. This is 1.88% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 0.60% from a day low at $15.05 to a day high of $15.14.
30 day high of the ORAN stock price was $16.34 and low was $15.05.
90 day high was $17.06 and low was $15.05.
52 week high for the Orange - $18.57 and low - $15.05.
Orange lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $14.98 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.86% during the next 3 months and, with 90% probability hold a price between $14.55 and $16.26 at the end of this period.
There are few to none technical positive signals at the moment. Orange holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $15.37 and $16.08. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 27 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.09 (0.60%) between high and low. For the last week, the stock has had a daily average volatility of 0.81%.
Orange is oversold on RSI14 (27). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Orange holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.
|ORAN $15.11 $-0.29(-1.88%)|
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