When (ORA) Moves Investors should Listen
November 03, 2024, 10:52 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ORA
- Buy ORA near 76.07 target 81.41 stop loss @ 75.85 Details
The technical summary data tells us to buy ORA near 76.07 with an upside target of 81.41. This data also tells us to set a stop loss @ 75.85 to protect against excessive loss in case the stock begins to move against the trade. 76.07 is the first level of support below 78.71 , and by rule, any test of support is a buy signal. In this case, support 76.07 is being tested, a buy signal would exist.
- Short ORA slightly under 81.41, target 76.07, stop loss @ 81.65 Details
The technical summary data is suggesting a short of ORA as it gets near 81.41 with a downside target of 76.07. We should have a stop loss in place at 81.65though. 81.41 is the first level of resistance above 78.71, and by rule, any test of resistance is a short signal. In this case, if resistance 81.41 is being tested, a short signal would exist.
Swing Trading Plans for ORA
- Buy ORA slightly over 79.51, target 81.41, Stop Loss @ 79.28 Details
If 79.51 begins to break higher, the technical summary data tells us to buy ORA just slightly over 79.51, with an upside target of 81.41. The data also tells us to set a stop loss @ 79.28 in case the stock turns against the trade. 79.51 is the first level of resistance above 78.71, and by rule, any break above resistance is a buy signal. In this case, 79.51, 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 79.51, target 76.07, Stop Loss @ 79.74. Details
The technical summary data is suggesting a short of ORA if it tests 79.51 with a downside target of 76.07. We should have a stop loss in place at 79.74 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, 79.51, 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 79.51, target 81.41, Stop Loss @ 79.32 Details
If 79.51 begins to break higher, the technical summary data tells us to buy ORA just slightly over 79.51, with an upside target of 81.41. The data also tells us to set a stop loss @ 79.32 in case the stock turns against the trade. 79.51 is the first level of resistance above 78.71, and by rule, any break above resistance is a buy signal. In this case, 79.51, 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 79.51, target 78.64, Stop Loss @ 79.7. Details
The technical summary data is suggesting a short of ORA if it tests 79.51 with a downside target of 78.64. We should have a stop loss in place at 79.7 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, 79.51, 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 November 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
70.74 |
| P2 |
78.64 |
79.51 |
76.07 |
| P3 |
79.49 |
81.8 |
81.41 |
AI Generated Signals for ORA
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Ormat Technologies Inc. (NYSE: ORA) report below is a real world example. Included are trading plans for ORA, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ORA:
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