Technical analysis from Orocobre (ORL.TO.TO, TSE:ORL.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Orocobre
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Low for ORL has surpassed the low of the previous trading session
Low Price /
Low for ORL has surpassed the low of the previous trading session

ORL: LOW Current Signal -> (1) 12 Jan: BULLISH (2) 11 Jan: BEARISH (3) 10 Jan: BEARISH

Market conditions are indicating accumulation is current for ORL
Accumulation / Distribution /
Market conditions are indicating accumulation is current for ORL

[BULLISH]: Orocobre current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Short Trend /
The daily range for Orocobre has achieved a higher high [Uptrend]

[BULLISH]: Orocobre is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

Detrended Price Oscillator /
Orocobre: Detrended Price Oscillator(20) is 0.963

[BULLISH]: Orocobre currently has a confirmed uptrend. Price is currently above the displaced moving average for ORLCurrently, the return on DPO20 is 4%.

Momentum /
Momentum(5) is decreasing for Orocobre

[BEARISH]: Orocobre currently has negative momentum of -0.15 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 4%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -3%%.

Elders Force Index /
[Bullish]: Continued buying pressure for Orocobre has been confirmed

[BULLISH]: Orocobre current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1357.

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Camarilla Pivot Points /
Orocobre has broken the first Camarilla resistance point ($7.57) [Bullish]

Orocobre has broken the first Camarilla resistance point ($7.57) [Bullish]. Look for a long limit order entry near this point. Exit price for ORL should be set @$8.149 & Stoploss for Orocobre should be set between $5.831 & $5.251

Orocobre: Buyers were in control all day.
Open Tod Vs Close Tod /
Orocobre: Buyers were in control all day.

[BULLISH STRONG]: Orocobre opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 75%. This suggests the buyers were in control all day. Over the last 12 months there has been 9 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 19.6%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 11.1%.

Orocobre: Volume rate of Change (14)
Volume Rate of Change /
Orocobre: Volume rate of Change (14)

[BEARISH]: Orocobre currently has negative rate of change of -36%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 4%.

Moving Average Envelope /
Closing price ($6.99) for ORL is now above the Upper Envelope Band

[BEARISH CROSSOVER]: Orocobre current price has driven Envelope Bands to become overbought signalling the start of bearish trading conditions. Currently, the Upper Band is 6.7305.

Daily Volume Index /
Orocobre: Current trading activity signals DVI accumulation is present

[BULLISH]: Orocobre current accumulation has given strength to the share price and the continuation of bullish trading conditions.

MACD Volume /
Orocobre: Volume MACD oscillator (4388)

[BULLISH CROSSOVER]: Orocobre currently has positive Volume MACD of 4388. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

ORL Basic Candle: White Opening Marubozu
White Opening Marubozu /
ORL Basic Candle: White Opening Marubozu

ORL: Basic Candlestick Current Signal -> (1) 12 Jan: BULLISH (2) 12 Jan: NEUTRAL (3) 12 Jan: BULLISH

MACD for Orocobre continues to lose momentum @-0.043000
MACD /
MACD for Orocobre continues to lose momentum @-0.043000

[BEARISH]: Orocobre currently has negative MACD of -0.043000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 1%.

Aroon Oscillator /
Orocobre: ARO(76) has signalled a strong uptrend is current

[BULLISH]: Orocobre has a current ARO(25) of 76. This has change 24 points from yesterday.

Woodie Pivot Point /
Woodie pivot point for ORL is bullish. Stoploss should be positioned @$6.765

Orocobre has broken the first Woodie resistance point ($7.09) [Bullish]. Look for a long limit order entry near this point. Exit price for ORL should be set @$7.165 & Stoploss for Orocobre should be set at $6.765

Pivot Points /
Orocobre has broken the first resistance point ($7.074) [Bullish]

Orocobre has broken the first resistance point ($7.074) [Bullish]. Look for a long limit order entry near this point. Exit price for ORL should be set @$7.157 & Stoploss for Orocobre should be set between $6.757 & $6.674

The markets willingness to move the price is likely to continue for ORL
Bill Williams Market Facilitation /
The markets willingness to move the price is likely to continue for ORL

Orocobre Currently is a confirmed Fake Day. MFI indicator is up, volume is down for ORL. Trend continuation possible for ORL from reduced trading activity.

Relative Strength signal has just been triggered for Orocobre
Relative Strength Index /
Relative Strength signal has just been triggered for Orocobre

ORL: RSI Current Signal -> (1) 12 Jan: BULLISH CROSSOVER (2) 12 Jan: NEUTRAL (3) 12 Jan: NEUTRAL

ORL: Average True Range has confirmed an uptrend @0.229
Average True Range /
ORL: Average True Range has confirmed an uptrend @0.229

[Bullish]: Average True Range has confirmed an uptrend is present. Orocobre has a TR of 0.32, and an ATR(14) of 0.229.

Fibonacci Retracements /
Stoploss for Orocobre should be set at $33.7

Orocobre is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for ORL should be set @$35.15 & Stoploss for Orocobre should be set between $33.7

Ulcer Index /
Ulcer index has fallen as the price rises for Orocobre

[BEARISH]: Orocobre UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.179.

Weighted Moving Average /
The WMA trend following signal is now active for Orocobre [Bullish]

[BULLISH]: Orocobre currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 4%.

Rate of Change /
Positive ROC for Orocobre is a leading indicator for continued price rise

[BULLISH]: Orocobre currently has positive rate of change of 2%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Orocobre: Price Percentage Oscillator
Percentage Price /
Orocobre: Price Percentage Oscillator

ORL: PPO Current Signal -> (1) 12 Jan: BULLISH (2) 12 Jan: BULLISH CROSSOVER (3) 12 Jan: BEARISH

Orocobre: Coles Rally Day has been confirmed
Coles Reaction Day /
Orocobre: Coles Rally Day has been confirmed

Orocobre: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for ORL

Island Reversal /
A short term Island Reversal has formed with Orocobre

[BEARISH]: A short term Island Reversal has formed with Orocobre which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 2.2%.

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