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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 2024-12-23 View latest technical analysis

10 day averaged volume of Ortel Communications is 45921

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	2.23	2.44	2.45	2.23	1.36 times
16 Mon Dec 2024	2.35	2.44	2.44	2.21	0.909 times
09 Mon Dec 2024	2.33	2.27	2.33	2.27	1.325 times
06 Fri Dec 2024	2.22	2.22	2.22	2.01	5.506 times
05 Thu Dec 2024	2.12	2.12	2.12	2.12	0.453 times
04 Wed Dec 2024	2.02	2.02	2.02	2.02	0.541 times
03 Tue Dec 2024	1.93	1.93	1.93	1.93	0.202 times
02 Mon Dec 2024	1.84	1.76	1.84	1.76	0.691 times
25 Mon Nov 2024	1.76	1.85	1.85	1.76	0.118 times
18 Mon Nov 2024	1.86	2.00	2.00	1.86	0.06 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2.2, but if it comes below 2.2, then a intra day sell could be more profitable.
If you take a sell trade below 2.2, then use 2.2 as stoploss and 2.05 as target. However if you take a buy trade in stock , then use 2.2 as stoploss and 2.4 as target.

Share price targets for Ortel Communications (ORTEL_BZ)

Target Type	Value
Downside Target	1.38
Downside Target	1.66
Downside Target	1.74
Downside Target	1.85
Downside Target	2.06
Downside Target	2.15
Downside Target	2.22
Downside Target	2.23
Upside Target	2.27
Upside Target	2.33
Upside Target	2.44
Upside Target	2.45

Intraday share price targets for Ortel Communications (ORTEL_BZ)

Target Type	Value
Downside Intraday Target	2.16
Downside Intraday Target	2.08
Upside Intraday Target	2.38
Upside Intraday Target	2.52
Upside Intraday Target	2.3

Weekly technical analysis of Ortel Communications (ORTEL_BZ)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	2.23	2.44	2.45	2.23	1.496 times
16 Mon Dec 2024	2.35	2.44	2.44	2.21	0.686 times
09 Mon Dec 2024	2.33	2.27	2.33	2.27	0.179 times
06 Fri Dec 2024	2.22	1.76	2.22	1.76	62.539 times
25 Mon Nov 2024	1.76	1.85	1.85	1.76	1.972 times

Price has moved down 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
23 Mon Dec 2024	2.23	1.76	2.45	1.76	18.611 times
25 Mon Nov 2024	1.76	2.15	2.15	1.76	0.148 times
28 Mon Oct 2024	2.05	1.74	2.20	1.74	4.615 times
30 Mon Sep 2024	1.66	2.06	2.06	1.66	0.046 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 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 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 BUY signal for Ortel Communications in short term and the buy signal is strong.

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 coming down

CCI has generated a SELL signal for Ortel Communications in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 2.2 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.