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(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.

Showing technical analysis as on 2024-05-22 View latest technical analysis

10 day averaged volume of Ormat Technologies is 449551

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	73.09	71.87	73.79	71.69	0.718 times
21 Tue May 2024	72.22	70.95	72.51	70.93	0.683 times
20 Mon May 2024	71.36	70.08	71.44	69.74	1.216 times
17 Fri May 2024	72.49	72.12	72.49	71.69	0.739 times
16 Thu May 2024	72.48	72.50	72.60	71.89	0.798 times
15 Wed May 2024	73.11	74.40	74.86	72.51	1.033 times
14 Tue May 2024	73.20	71.79	73.64	71.65	1.582 times
13 Mon May 2024	70.65	70.57	71.38	70.48	0.715 times
10 Fri May 2024	70.29	69.42	70.31	68.83	0.798 times
09 Thu May 2024	68.93	70.60	71.27	67.56	1.658 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 72.2, but if it comes below 72.2, then a intra day sell could be more profitable.
If you take a sell trade below 72.2, then use 72.2 as stoploss and 68.86 as target. However if you take a buy trade in stock , then use 72.2 as stoploss and 76.3 as target.

Share price targets for Ormat Technologies (ORA)

Target Type	Value
Downside Target	59.41
Downside Target	62.51
Downside Target	68.32
Downside Target	69.74
Downside Target	69.81
Downside Target	70.48
Downside Target	71.27
Upside Target	73.79
Upside Target	74.86
Upside Target	76.88

Intraday share price targets for Ormat Technologies (ORA)

Target Type	Value
Downside Intraday Target	70.62
Downside Intraday Target	68.16
Upside Intraday Target	74.67
Upside Intraday Target	76.26
Downside Intraday Target	72.21

Weekly technical analysis of Ormat Technologies (ORA)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	73.09	70.08	73.79	69.74	0.538 times
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

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
22 Wed May 2024	73.09	64.36	74.86	64.13	0.577 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	0.948 times

Scroll below to view daily charts

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)

Price action analysis of Ormat Technologies ( (ORA) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Ormat Technologies ( (ORA) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Ormat Technologies in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 71.65 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.