ORANGE (ORA.PA) Stock Technical Analysis
EPA:ORA - Euronext Paris - Matif - FR0000133308 - Common Stock - Currency: EUR
We assign a technical rating of 6 out of 10 to ORA. In the last year, ORA was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, ORA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 10.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.33, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.20
We found 3 important support areas.
- A support zone ranging from 9.89 to 10.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.69 from a horizontal line in the daily time frame.
- A support zone ranging from 9.29 to 9.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 10.48 to 10.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.84 from a horizontal line in the daily time frame.
- Resistance @11.09 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 11.39 to 11.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.52 | 10.11 | 0.41 (3.94%) | 25.00% |
| An entry @10.52. This is a Buy Stop order right above the resistance zone. | An exit @10.11. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.41 points, which is 3.94%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.99%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ORANGE
EPA:ORA (2/5/2025, 10:39:42 AM)
10.403
-0.01 (-0.07%)