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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 2024-08-22 View latest technical analysis

10 day averaged volume of Ortel Communications is 56063

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	2.07	2.07	2.07	2.07	0.191 times
21 Wed Aug 2024	1.98	1.98	1.98	1.98	0.238 times
20 Tue Aug 2024	1.89	1.80	1.89	1.80	0.21 times
19 Mon Aug 2024	1.80	1.80	1.80	1.63	0.479 times
16 Fri Aug 2024	1.72	1.75	1.76	1.60	1.348 times
14 Wed Aug 2024	1.68	1.68	1.75	1.58	0.689 times
13 Tue Aug 2024	1.67	1.70	1.70	1.54	1.136 times
12 Mon Aug 2024	1.63	1.60	1.66	1.60	2.763 times
09 Fri Aug 2024	1.59	1.75	1.75	1.59	1.292 times
08 Thu Aug 2024	1.68	1.70	1.72	1.55	0.977 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 2.1, for a target of 1.8 or 1.63

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	1.54
Downside Target	1.63
Downside Target	1.65
Downside Target	1.75
Downside Target	1.76
Downside Target	1.95
Downside Target	2.07

Intraday share price targets for Ortel Communications (ORTEL_BZ)

Target Type	Value
Downside Intraday Target	1.78
Downside Intraday Target	1.48
Upside Intraday Target	2.22
Upside Intraday Target	2.36
Downside Intraday Target	1.92

Weekly technical analysis of Ortel Communications (ORTEL_BZ)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	2.07	1.80	2.07	1.63	0.188 times
16 Fri Aug 2024	1.72	1.60	1.76	1.54	0.759 times
09 Fri Aug 2024	1.59	1.51	1.75	1.46	4.118 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

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 Ortel Communications (ORTEL_BZ)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	2.07	1.38	2.07	1.38	7.544 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 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 SELL. Signal strength is Weak and stock is losing 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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1.68 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.