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(ORTEL_BZ) Ortel Communications complete technical analysis [charts+indicators] | Buy/Sell Ortel Communications | (ORTEL_BZ) share price targets

Complete technical analysis of Ortel Communications (ORTEL_BZ) by charts plus indicators, forecast predictions and share price targets for Ortel Communications (ORTEL_BZ)

Showing technical analysis as on 2024-01-29 View latest technical analysis

10 day averaged volume of Ortel Communications is 15234

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	0.95	0.95	0.95	0.95	0.699 times
23 Tue Jan 2024	1.00	1.00	1.00	1.00	0.013 times
15 Mon Jan 2024	1.00	1.00	1.00	1.00	0.098 times
08 Mon Jan 2024	1.05	1.05	1.10	1.00	1.062 times
01 Mon Jan 2024	1.05	1.05	1.05	1.05	0.039 times
18 Mon Dec 2023	1.10	1.10	1.10	1.10	0.033 times
11 Mon Dec 2023	1.15	1.15	1.15	1.15	0.346 times
04 Mon Dec 2023	1.20	1.15	1.20	1.15	0.936 times
01 Fri Dec 2023	1.15	1.10	1.15	1.05	2.925 times
30 Thu Nov 2023	1.10	1.10	1.10	1.00	2.214 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 0.9 as stoploss in an intra day buy trade for a target of 1.02. However, stock will show a bearish move below 0.9.

Share price targets for Ortel Communications (ORTEL_BZ)

Target Type	Value
Downside Target	0.80
Downside Target	0.85
Downside Target	0.95
Upside Target	1.00
Upside Target	1.05
Upside Target	1.10
Upside Target	1.20

Intraday share price targets for Ortel Communications (ORTEL_BZ)

Target Type	Value
Downside Intraday Target	0.95
Downside Intraday Target	0.95
Downside Intraday Target	0.95
Downside Intraday Target	0.95
Downside Intraday Target	0.95

Weekly technical analysis of Ortel Communications (ORTEL_BZ)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	0.95	0.95	0.95	0.95	6.264 times
23 Tue Jan 2024	1.00	1.00	1.00	1.00	0.105 times
08 Mon Jan 2024	1.05	1.05	1.10	1.00	26.967 times
01 Mon Jan 2024	1.05	1.05	1.05	1.05	1.2 times
18 Mon Dec 2023	1.10	1.10	1.10	1.10	0.095 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Ortel Communications (ORTEL_BZ)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	0.95	1.05	1.10	0.95	0.451 times
18 Mon Dec 2023	1.10	1.10	1.20	1.05	0.272 times
30 Thu Nov 2023	1.10	0.90	1.10	0.80	2.762 times
31 Tue Oct 2023	0.90	0.95	1.00	0.80	0.383 times

Scroll below to view daily charts

Price has moved down 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 Ortel Communications (ORTEL_BZ)

Price action analysis of Ortel Communications ( (ORTEL_BZ) ) 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 Ortel Communications ( (ORTEL_BZ) ) 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 Ortel Communications ( (ORTEL_BZ) ) 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 Ortel Communications stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Ortel Communications in short term but the sell signal is initial and weak.

Ortel Communications Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Ortel Communications in short term and SELL signal is strong!

RSI is generating a SELL signal in short term

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Ortel Communications is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1.11 and Ortel Communications (ORTEL_BZ) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Ortel Communications (ORTEL_BZ) stock. Volume based technical analysis of Ortel Communications (ORTEL_BZ) stock is negative.

Ortel Communications Stock has given negative 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.