Ormat Technologies (Israel) Technical Analysis

ORA Stock   23,650  950.00  4.19%   
As of the 23rd of April, Ormat Technologies holds the Risk Adjusted Performance of (0.07), coefficient of variation of (840.25), and Variance of 3.4. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ormat Technologies, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze thirteen technical drivers for Ormat Technologies, which can be compared to its competitors. Please check Ormat Technologies information ratio, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Ormat Technologies is priced some-what accurately, providing market reflects its current price of 23650.0 per share.

Ormat Technologies Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ormat, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Ormat
  
Ormat Technologies' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Ormat Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Ormat Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ormat Technologies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Ormat Technologies Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Ormat Technologies volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Ormat Technologies Trend Analysis

Use this graph to draw trend lines for Ormat Technologies. You can use it to identify possible trend reversals for Ormat Technologies as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Ormat Technologies price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Ormat Technologies Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Ormat Technologies applied against its price change over selected period. The best fit line has a slop of   38.3  , which may suggest that Ormat Technologies market price will keep on failing further. It has 122 observation points and a regression sum of squares at 5.547404178E7, which is the sum of squared deviations for the predicted Ormat Technologies price change compared to its average price change.

About Ormat Technologies Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Ormat Technologies on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Ormat Technologies based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ormat Technologies price pattern first instead of the macroeconomic environment surrounding Ormat Technologies. By analyzing Ormat Technologies's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Ormat Technologies's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Ormat Technologies specific price patterns or momentum indicators. Please read more on our technical analysis page.

Ormat Technologies April 23, 2024 Technical Indicators

Most technical analysis of Ormat help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ormat from various momentum indicators to cycle indicators. When you analyze Ormat charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Ormat Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ormat Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ormat Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ormat Technologies Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ormat Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Ormat Stock refer to our How to Trade Ormat Stock guide.
Note that the Ormat Technologies information on this page should be used as a complementary analysis to other Ormat Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Ormat Stock analysis

When running Ormat Technologies' price analysis, check to measure Ormat Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ormat Technologies is operating at the current time. Most of Ormat Technologies' value examination focuses on studying past and present price action to predict the probability of Ormat Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ormat Technologies' price. Additionally, you may evaluate how the addition of Ormat Technologies to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Ormat Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ormat Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ormat Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.