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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 2024-08-08 View latest technical analysis

10 day averaged volume of Ortel Communications is 43974

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	1.68	1.70	1.72	1.55	1.246 times
07 Wed Aug 2024	1.64	1.64	1.64	1.49	1.104 times
06 Tue Aug 2024	1.57	1.58	1.58	1.46	1.657 times
05 Mon Aug 2024	1.51	1.51	1.51	1.51	4.315 times
02 Fri Aug 2024	1.44	1.44	1.44	1.44	0.199 times
01 Thu Aug 2024	1.38	1.38	1.38	1.38	0.163 times
29 Mon Jul 2024	1.32	1.32	1.45	1.32	2.059 times
22 Mon Jul 2024	1.39	1.39	1.39	1.39	0.266 times
15 Mon Jul 2024	1.47	1.47	1.47	1.47	0.06 times
08 Mon Jul 2024	1.55	1.65	1.65	1.50	0.15 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1.7 as stoploss in an intra day sell trade for a target of 1.57. However, stock will show a bullish move above 1.7.

Share price targets for Ortel Communications (ORTEL_BZ)

Target Type	Value
Downside Target	0.95
Downside Target	1.25
Downside Target	1.32
Downside Target	1.35
Downside Target	1.38
Downside Target	1.45
Downside Target	1.47
Downside Target	1.50
Downside Target	1.65
Upside Target	1.72
Upside Target	1.95

Intraday share price targets for Ortel Communications (ORTEL_BZ)

Target Type	Value
Downside Intraday Target	1.52
Downside Intraday Target	1.36
Upside Intraday Target	1.78
Upside Intraday Target	1.88
Downside Intraday Target	1.62

Weekly technical analysis of Ortel Communications (ORTEL_BZ)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	1.68	1.51	1.72	1.46	3.438 times
02 Fri Aug 2024	1.44	1.32	1.45	1.32	9.093 times
22 Mon Jul 2024	1.39	1.39	1.39	1.39	4.424 times
15 Mon Jul 2024	1.47	1.47	1.47	1.47	0.401 times
08 Mon Jul 2024	1.55	1.65	1.65	1.50	5.673 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
08 Thu Aug 2024	1.68	1.38	1.72	1.38	3.39 times
29 Mon Jul 2024	1.32	1.58	1.65	1.32	0.214 times
24 Mon Jun 2024	1.67	1.35	1.95	1.35	5.349 times
27 Mon May 2024	1.30	1.30	1.45	1.25	1.079 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 term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Ortel Communications ( (ORTEL_BZ) ) based on a short to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Ortel Communications stock for short term is SELL. Signal strength is Weak 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 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 Ortel Communications 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 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 1.51 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.