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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 2024-06-11 View latest technical analysis

10 day averaged volume of Ortel Communications is 37124

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	1.70	1.70	1.70	1.70	0.805 times
10 Mon Jun 2024	1.62	1.62	1.62	1.62	4.735 times
07 Fri Jun 2024	1.55	1.55	1.55	1.55	0.102 times
06 Thu Jun 2024	1.50	1.50	1.50	1.45	0.581 times
05 Wed Jun 2024	1.45	1.40	1.45	1.40	0.569 times
04 Tue Jun 2024	1.40	1.40	1.40	1.40	0.818 times
03 Mon Jun 2024	1.35	1.35	1.35	1.35	0.546 times
27 Mon May 2024	1.30	1.35	1.40	1.30	1.451 times
21 Tue May 2024	1.35	1.40	1.45	1.35	0.061 times
13 Mon May 2024	1.40	1.35	1.40	1.35	0.203 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1.7, for a target of 1.5 or 1.36

Share price targets for Ortel Communications (ORTEL_BZ)

Target Type	Value
Downside Target	0.95
Downside Target	1.00
Downside Target	1.15
Downside Target	1.25
Downside Target	1.30
Downside Target	1.35
Downside Target	1.40
Downside Target	1.45
Downside Target	1.55
Downside Target	1.62
Downside Target	1.70

Intraday share price targets for Ortel Communications (ORTEL_BZ)

Target Type	Value
Downside Intraday Target	1.65
Downside Intraday Target	1.59
Upside Intraday Target	1.73
Upside Intraday Target	1.75
Downside Intraday Target	1.67

Weekly technical analysis of Ortel Communications (ORTEL_BZ)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	1.70	1.62	1.70	1.62	2.117 times
07 Fri Jun 2024	1.55	1.35	1.55	1.35	1.803 times
27 Mon May 2024	1.30	1.35	1.40	1.30	5.509 times
21 Tue May 2024	1.35	1.35	1.45	1.35	0.282 times
06 Mon May 2024	1.35	1.30	1.35	1.25	16.679 times

Price has moved up 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
11 Tue Jun 2024	1.70	1.35	1.70	1.35	3.079 times
27 Mon May 2024	1.30	1.30	1.45	1.25	1.079 times
29 Mon Apr 2024	1.30	1.00	1.35	0.95	6.827 times
26 Tue Mar 2024	1.00	1.15	1.15	1.00	0.051 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Ortel Communications 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.

Ortel Communications 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Ortel Communications in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 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 1.52 and Ortel Communications (ORTEL_BZ) 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 Ortel Communications (ORTEL_BZ) stock. Volume based technical analysis of Ortel Communications (ORTEL_BZ) stock is negative.

Ortel Communications 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.