ORBCOMM INC. - Daily - Technical analysis published on 09/04/2019 (GMT)
- 170
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
ORBCOMM INC. Chart
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 5.44 USD
My targets
4.48 USD (-1.10%)
3.70 USD (-18.32%)
My analysis
ORBCOMM INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.44 USD. The next support located at 4.48 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3.70 USD. Below this support, sellers could then target 1.27 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay.
Additional analysis
Quotes
The ORBCOMM INC. price is 4.53 USD. The price is lower by -1.74% since the last closing and was traded between 4.49 USD and 4.58 USD over the period. The price is currently at +0.89% from its lowest and -1.09% from its highest.4.49
4.58
4.53
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ORBCOMM INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.27 | 3.70 | 4.48 | 4.53 | 5.44 | 6.66 | 8.09 |
| Change (%) | -71.96% | -18.32% | -1.10% | - | +20.09% | +47.02% | +78.59% |
| Change | -3.26 | -0.83 | -0.05 | - | +0.91 | +2.13 | +3.56 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.34 | 4.42 | 4.52 | 4.60 | 4.69 | 4.77 | 4.87 |
| Camarilla | 4.56 | 4.58 | 4.59 | 4.61 | 4.63 | 4.64 | 4.66 |
| Woodie | 4.35 | 4.42 | 4.52 | 4.60 | 4.70 | 4.77 | 4.87 |
| Fibonacci | 4.42 | 4.49 | 4.53 | 4.60 | 4.66 | 4.70 | 4.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.01 | 4.22 | 4.41 | 4.62 | 4.81 | 5.02 | 5.21 |
| Camarilla | 4.50 | 4.54 | 4.57 | 4.61 | 4.65 | 4.68 | 4.72 |
| Woodie | 4.01 | 4.22 | 4.41 | 4.62 | 4.81 | 5.02 | 5.21 |
| Fibonacci | 4.22 | 4.37 | 4.46 | 4.62 | 4.77 | 4.86 | 5.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.08 | 3.25 | 3.93 | 5.10 | 5.78 | 6.95 | 7.63 |
| Camarilla | 4.10 | 4.27 | 4.44 | 4.61 | 4.78 | 4.95 | 5.12 |
| Woodie | 1.84 | 3.13 | 3.69 | 4.98 | 5.54 | 6.83 | 7.39 |
| Fibonacci | 3.25 | 3.96 | 4.39 | 5.10 | 5.81 | 6.24 | 6.95 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 23.27 | |
| MACD (12,26,9): | -0.5300 | |
| Directional Movement: | -19.08 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 4.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.81 | |
| Elder Ray (13): | -0.28 | |
| Super Trend (3,10): | 5.31 | |
| Zig ZAG (10): | 4.53 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 16.36 | |
| TEMA (21): | 4.25 | |
| Williams %R (14): | -89.01 | |
| Chande Momentum Oscillator (20): | -0.47 | |
| Repulse (5,40,3): | -3.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.4500 | |
| Courbe Coppock: | 22.72 |
| MA7: | 4.61 | |
| MA20: | 4.92 | |
| MA50: | 6.43 | |
| MA100: | 6.81 | |
| MAexp7: | 4.64 | |
| MAexp20: | 5.09 | |
| MAexp50: | 5.95 | |
| MAexp100: | 6.60 | |
| Price / MA7: | -1.74% | |
| Price / MA20: | -7.93% | |
| Price / MA50: | -29.55% | |
| Price / MA100: | -33.48% | |
| Price / MAexp7: | -2.37% | |
| Price / MAexp20: | -11.00% | |
| Price / MAexp50: | -23.87% | |
| Price / MAexp100: | -31.36% |
News
The last news published on ORBCOMM INC. at the time of the generation of this analysis was as follows:
- SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating ORBCOMM Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors
- Investor Expectations to Drive Momentum within Vector Group, NovoCure, ORBCOMM, Ecolab, Bank of America, and Viking Therapeutics — Discovering Underlying Factors of Influence
- Investor Network: ORBCOMM Inc. to Host Earnings Call
- Investor Network: ORBCOMM Inc. to Host Earnings Call
-
ORBCOMM
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ORBCOMM INC. - Daily