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(Ortel) Ortel complete technical analysis [charts+indicators] | Buy/Sell Ortel | (Ortel) share price targets

Complete technical analysis of Ortel (Ortel) by charts plus indicators, forecast predictions and share price targets for Ortel (Ortel)

Showing technical analysis as on 2024-12-30 View latest technical analysis

10 day averaged volume of Ortel is 15071

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	2.24	2.44	2.44	2.24	0.18 times
23 Mon Dec 2024	2.35	2.32	2.40	2.22	0.337 times
16 Mon Dec 2024	2.33	2.34	2.34	2.12	3.269 times
09 Mon Dec 2024	2.23	2.23	2.23	2.23	0.769 times
06 Fri Dec 2024	2.13	2.13	2.13	2.13	0.222 times
05 Thu Dec 2024	2.03	2.03	2.03	2.03	0.001 times
04 Wed Dec 2024	1.94	1.94	1.94	1.94	0 times
03 Tue Dec 2024	1.85	1.85	1.85	1.85	0.021 times
02 Mon Dec 2024	1.77	1.77	1.77	1.77	0.335 times
25 Mon Nov 2024	1.69	1.77	1.77	1.69	4.958 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 2.03 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 (Ortel)

Target Type	Value
Downside Target	1.47
Downside Target	1.69
Downside Target	1.74
Downside Target	1.83
Downside Target	2.04
Downside Target	2.12
Downside Target	2.22
Upside Target	2.25
Upside Target	2.29
Upside Target	2.34
Upside Target	2.40
Upside Target	2.44

Intraday share price targets for Ortel (Ortel)

Target Type	Value
Downside Intraday Target	2.17
Downside Intraday Target	2.11
Upside Intraday Target	2.37
Upside Intraday Target	2.51
Upside Intraday Target	2.31

Weekly technical analysis of Ortel (Ortel)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	2.24	2.44	2.44	2.24	0.533 times
23 Mon Dec 2024	2.35	2.32	2.40	2.22	0.103 times
16 Mon Dec 2024	2.33	2.34	2.34	2.12	4.25 times
09 Mon Dec 2024	2.23	2.23	2.23	2.23	1.329 times
06 Fri Dec 2024	2.13	1.77	2.13	1.77	0.117 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 (Ortel)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	2.24	1.77	2.44	1.77	0.829 times
25 Mon Nov 2024	1.69	1.95	2.04	1.69	0.202 times
28 Mon Oct 2024	1.95	1.92	2.25	1.74	8.489 times
30 Mon Sep 2024	1.83	2.29	2.29	1.83	0.083 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Ortel (Ortel)

Price action analysis of Ortel ( (Ortel) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Ortel ( (Ortel) ) 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 ( (Ortel) ) 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 stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Ortel in short term and the buy signal is strong.

Ortel 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 in short term but SELL signal is weak.

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 is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1.98 and Ortel (Ortel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Ortel (Ortel) stock. Volume based technical analysis of Ortel (Ortel) stock is negative.

Ortel 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.