Login or Join
Learn then Earn

(ORA) Ormat Technologies complete technical analysis [charts+indicators] | Buy/Sell Ormat Technologies | (ORA) share price targets

Complete technical analysis of Ormat Technologies (ORA) by charts plus indicators, forecast predictions and share price targets for Ormat Technologies (ORA)

Ormat Technologies trades in USA in Public Utilities sector.

10 day averaged volume of Ormat Technologies is 457779

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 72.49 72.12 72.49 71.69 0.726 times
16 Thu May 2024 72.48 72.50 72.60 71.89 0.783 times
15 Wed May 2024 73.11 74.40 74.86 72.51 1.014 times
14 Tue May 2024 73.20 71.79 73.64 71.65 1.554 times
13 Mon May 2024 70.65 70.57 71.38 70.48 0.703 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 71, but if it comes below 71, then a intra day sell could be more profitable.
If you take a sell trade below 71, then use 71 as stoploss and 67.76 as target. However if you take a buy trade in stock , then use 71 as stoploss and 74.9 as target.

Share price targets for Ormat Technologies (ORA)

Target Type Value
Downside Target 59.41
Downside Target 62.51
Downside Target 67.14
Downside Target 68.26
Downside Target 68.32
Downside Target 69.81
Downside Target 70.48
Downside Target 71.27
Upside Target 74.86
Upside Target 76.88

Intraday share price targets for Ormat Technologies (ORA)

Target Type Value
Downside Intraday Target 70.36
Downside Intraday Target 68.23
Upside Intraday Target 74.74
Upside Intraday Target 76.99
Upside Intraday Target 72.61

Weekly technical analysis of Ormat Technologies (ORA)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 72.49 70.57 74.86 70.48 0.916 times
10 Fri May 2024 70.29 67.95 71.27 67.14 1.193 times
03 Fri May 2024 67.50 63.68 68.26 63.32 0.844 times
26 Fri Apr 2024 63.11 64.42 65.58 62.51 0.57 times
19 Fri Apr 2024 63.75 64.38 64.38 59.41 1.567 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Ormat Technologies (ORA)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 72.49 64.36 74.86 64.13 0.478 times
30 Tue Apr 2024 63.83 65.96 66.53 59.41 1.385 times
28 Thu Mar 2024 66.19 65.14 69.81 63.01 0.893 times
29 Thu Feb 2024 65.15 65.37 68.32 62.72 0.983 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Ormat Technologies (ORA)

Indicator Name Indicator Value Indicator Signal
ADX 42, 13, 53 Buy
MACD 3, 3Buy
Stochastics 73Buy
CCI 62Sell
RSI 51Buy
OBV 4601899Sell
VWAP 71Buy
ADL 0Sell
ROC 7Buy
Force Index 0Sell

Price action analysis of Ormat Technologies ( (ORA) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Ormat Technologies ( (ORA) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ormat Technologies ( (ORA) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ormat Technologies ( (ORA) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Ormat Technologies stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Ormat Technologies in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ormat Technologies Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Ormat Technologies in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Ormat Technologies is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 70.54 and Ormat Technologies (ORA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Ormat Technologies (ORA) stock. Volume based technical analysis of Ormat Technologies (ORA) stock is negative.

Ormat Technologies Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Learn then Earn
Back to top | Use Dark Theme