Wednesday June 19, 2019 Change -0.32% Price $15.70
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will ORAN stock price go up or down on Thu, 20 Jun 2019?

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Orange Forecast and Stock Analysis

Technical ORAN stock analysis for Wednesday June 19, 2019.

Sell candidate since 2019-06-19


Orange fell by -0.32% in the last day ( Wednesday, 19th Jun 2019 ) from $15.75 to $15.70 During day the stock fluctuated 0.77% from a day low at $15.59 to a day high of $15.71. The price has been going up and down for this period, and there has been a 1.03% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -55 936 shares and in total 238 966 shares bought and sold for approximately $3.75 million.

Quick summary:

  • 30 day high of the ORAN stock price was $15.87 and low was $15.01.
  • 90 day high was $16.80 and low was $15.01.
  • 52 week high for the Orange - $17.54 and low - $14.84.

Trend

Orange lies the upper part of a falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $15.73 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.52% during the next 3 months and, with 90% probability hold a price between $13.50 and $14.55 at the end of this period.

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Signals

Orange holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $15.61 and $15.46. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday June 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 56 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Orange finds support from accumulated volume at $15.45.

Support: $15.45 Price: $15.70 Resistance: $16.22

Risk

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 $0.12 (0.77%) between high and low. For the last week, the stock has had a daily average volatility of 0.64%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

0.64 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Orange holds several negative signals and we believe that 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 Buy Candidate to a Sell Candidate.

Sell Candidate Downgraded
Stronger Sell Today ORAN ranks #3701 as SELL CANDIDATE #3701 Weaker Sell

Will ORAN stock price go up or down on Thu, 20 Jun 2019?

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