Trading (ORA) With Integrated Risk Controls
February 01, 2024, 01:22 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ORA
- Buy ORA slightly over 59.8 target 65.99 stop loss @ 59.63 Details
The technical summary data tells us to buy ORA near 59.8 with an upside target of 65.99. This data also tells us to set a stop loss @ 59.63 to protect against excessive loss in case the stock begins to move against the trade. 59.8 is the first level of support below 64.68 , and by rule, any test of support is a buy signal. In this case, support 59.8 would be being tested, so a buy signal would exist.
- Short ORA slightly under 65.99, target 59.8, stop loss @ 66.18 Details
The technical summary data is suggesting a short of ORA as it gets near 65.99 with a downside target of 59.8. We should have a stop loss in place at 66.18though. 65.99 is the first level of resistance above 64.68, and by rule, any test of resistance is a short signal. In this case, if resistance 65.99 is being tested, so a short signal would exist.
Swing Trading Plans for ORA
- Buy ORA slightly over 64.96, target 65.99, Stop Loss @ 64.77 Details
If 64.96 begins to break higher, the technical summary data tells us to buy ORA just slightly over 64.96, with an upside target of 65.99. The data also tells us to set a stop loss @ 64.77 in case the stock turns against the trade. 64.96 is the first level of resistance above 64.68, and by rule, any break above resistance is a buy signal. In this case, 64.96, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ORA slightly near 64.96, target 59.8, Stop Loss @ 65.15. Details
The technical summary data is suggesting a short of ORA if it tests 64.96 with a downside target of 59.8. We should have a stop loss in place at 65.15 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 64.96, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ORA
- Buy ORA slightly over 64.96, target 65.18, Stop Loss @ 64.81 Details
If 64.96 begins to break higher, the technical summary data tells us to buy ORA just slightly over 64.96, with an upside target of 65.18. The data also tells us to set a stop loss @ 64.81 in case the stock turns against the trade. 64.96 is the first level of resistance above 64.68, and by rule, any break above resistance is a buy signal. In this case, 64.96, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ORA slightly near 64.96, target 59.8, Stop Loss @ 65.11. Details
The technical summary data is suggesting a short of ORA if it tests 64.96 with a downside target of 59.8. We should have a stop loss in place at 65.11 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 64.96, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Ormat Technologies Inc. (ORA) available here: ORA.
ORA Ratings for February 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
59.8 |
| P2 |
65.18 |
64.96 |
65.99 |
| P3 |
66.21 |
66.52 |
71.6 |
AI Generated Signals for ORA
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ORA:
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