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Stock Trend Analysis Report

Prepared for you on Thursday, September 21, 2023.

Ormat Technologies, Inc. (NYSE:ORA)

Long-Term Downtrend (-90) - ORA is in a strong downtrend that is likely to continue. While ORA is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ORA?

MarketClub looks at technical strength and momentum to determine if the timing is right for ORA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low ORA Price Change
73.600 74.260 73.175 74.200 +0.220
Entry Signal

MarketClub’s Trade Triangles for ORA

long term down The long-term trend has been DOWN since Feb 23rd, 2023 at 83.1461

intermediate term down The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 78.6700

short term down The short-term trend has been DOWN since Sep 18th, 2023 at 74.0400

Smart Scan Analysis for ORA

Based on our trend formula, ORA is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for ORA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
73.600 74.260 73.175 74.200 +0.220
Prev. Close Volume Bid Ask Time
73.980 74190 2023-09-21 11:13:27
Year High70.68Year High Date2018-01-31
Year Low45.79Year Low Date2018-08-08
52wk High101.8152wk High Date2022-11-08
52wk Low73.5452wk Low Date2023-09-18
Year End Close19.28Average Volume306,410
Shares Outstanding60,260Short Interest1,637,411
% Institutional90.1Market Cap3,660M
P/E Ratio54.8Beta0.87
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