Technical analysis from Orica (ORI.AX, ASX:ORI.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Orica
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Orica: High Wave Line
High Wave Line /
Orica: High Wave Line

[REVERSAL]: Orica has formed a new High Wave Line reversal pattern.

Potential continuation of a trend reversal (Bullish) for Orica
Commodity Channel Index /
Potential continuation of a trend reversal (Bullish) for Orica

[BULLISH]: Orica current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -112. The bullish signal has been active for 6 days. During the quarter, the lowest CCI value was -137.

Ease of Movement /
Orica was difficult to move downward due to high volume in recent trading [Bearish]

ORI: EOM Current Signal -> (1) 17 May: BEARISH HARD (2) 16 May: BEARISH HARD (3) 15 May: BEARISH HARD

Range Tod Vs Range Yest /
Sellers have decreased eagerness for ORI reducing strength of a continued downtrend in the first timeframe.

[WEAK BULLISH]: Orica sellers are becoming less eager. There has been 3 consecutive days of range increase for ORI reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $2.2500 & the greatest daily price range this year has been $2.9400. The price range ratio this week versus the quarterly price range is 0.2x & the price range ratio this month versus the year to date price range is 0.8x.

Momentum /
Momentum(5) is decreasing for Orica

[BEARISH]: Orica currently has negative momentum of -0.29 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.1%.The largest downward momentum rally for the last 3 months is 15 days producing a return of -4%.

Black Candle /
ORI Basic Candle: Black

[BEARISH]: Orica has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

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Williams %R /
William %R oversold signal had been maintained for Orica

[BEARISH]: Orica is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Weighted Moving Average(5) signal continues for Orica indicating downward price movement is likely
Weighted Moving Average /
Weighted Moving Average(5) signal continues for Orica indicating downward price movement is likely

[BEARISH]: Orica currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.1%.

14-day rate of change is now decreasing for Orica
Rate of Change /
14-day rate of change is now decreasing for Orica

[BEARISH CROSSOVER]: Orica currently has negative rate of change of -7.929%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Accumulation / Distribution /
Orica is being actively accumulated

ORI: ADLINE Recent Trading -> (1) 17 May: 1.64857e+006 (2) 16 May: 1.82654e+006 (3) 15 May: 2.34642e+006

Closing Price /
[Bearish]: Lower close has formed for ORI by -0.1 % during the last trading session

[BEARISH]: Orica current downtrend in the first timeframe. Currently, the Close is $18.23.

Medium Trend /
Second timeframe trend of Orica remains as an Uptrend

[BULLISH]: Orica has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 25 2018.

ORI: Current trading activity signals DVI distribution is active
Daily Volume Index /
ORI: Current trading activity signals DVI distribution is active

[BEARISH]: Orica current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1056.

ORI: Short term trend is still an Downtrend
Short Trend /
ORI: Short term trend is still an Downtrend

[BEARISH]: Orica is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

Average Directional Movement /
Orica: ADX(30.61) has signalled a strong trend is current

[Trend]: ADX for ORI has confirmed a strong trend is present. Orica has an ATR(14) of 0.386, a DX of 28.96 & an ADX(14) of 30.61

Exponential Moving Average /
Exponential Moving Average(30) signal is confirmed for Orica indicating downward price movement is likely

ORI: EMA(5) Current Signal -> (1) 17 May: BEARISH CROSSOVER (2) 17 May: BULLISH (3) 17 May: BULLISH CROSSOVER

Simple Moving Average /
[Uptrend]: Recent trading for ORI confirms bullish SMA(30) signal

[BEARISH]: Orica currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.1%.

Orica: Percentage Volume Oscillator (6.46)
Percentage Volume /
Orica: Percentage Volume Oscillator (6.46)

[BULLISH]: Orica currently has positive PVO 6.46%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -7.1%.

Orica: Average True Range (0.386) has confirmed an uptrend is present
Average True Range /
Orica: Average True Range (0.386) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Orica has a TR of 0.21, and an ATR(14) of 0.386.

Orica has moved above the R1 Woodie pivot point ($18.336) [Bullish]
Woodie Pivot Point /
Orica has moved above the R1 Woodie pivot point ($18.336) [Bullish]

Orica has broken the first Woodie resistance point ($18.336) [Bullish]. Look for a long limit order entry near this point. Exit price for ORI should be set @$18.453 & Stoploss for Orica should be set at $18.033

Money Flow Index /
Selling pressure has led to a continued price extreme (oversold) for ORI

[BEARISH]: Orica current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 14.94. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 71.6.

Stochastic Oscillator /
Stochastic oversold signal continues for Orica indicating upward price movement is likely

[BULLISH]: Orica is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for Orica

[BULLISH]: Orica UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.119.

Volume /
[Bearish]: Orica has failed to beat the previous volume by -23.8

[BEARISH]: Orica current volume downtrend in the first timeframe. Volume for ORI is 766063 (-23.8).

Sellers continue to be keener than buyers for Orica & are driving the price down.
Close Tod Vs Close Yest /
Sellers continue to be keener than buyers for Orica & are driving the price down.

[BEARISH]: Oricasellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for ORI adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -6.4 & the greatest daily negative change this year has been -6.4. The longest consecutive downswing rally over the last 12 months has been 2 days giving a total rally downward movement of -9.8%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -6.4%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.1x. Over the last month the average daily downward movement has been -1.400000%

[Bullish]: TMA(30) is serving as a support line for Orica
Triangular Moving Average /
[Bullish]: TMA(30) is serving as a support line for Orica

ORI: TMA Current Signal -> (1) 17 May: BEARISH (2) 17 May: BEARISH CROSSOVER (3) 17 May: BULLISH

Fibonacci Extensions /
Stoploss for Orica should be set at $7.04

Orica has moved above the 161.8% level ($6.77) [Bearish]. Look for a short limit order entry near this point. Exit price for ORI should be set @$6.5 & short position stoploss for Orica should be set at $7.04

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