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Ortac Resources Ltd. (OTC.L) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 20 Oct 2017NoneDojiWed, 07 Jun 201717.42%
***Stock database and scans are updated around midnight (London time) every trading day.
2.38 0.00 (0%) Oct 20 9:30pm BST
Open: 2.23 Range: 2.15 - 2.41 Vol: 1.45M Avg Vol: 1.25M
EPS: -1.20 P/E ratio: 0.00 EBITDA: -767000.00 Mkt Cap: 1.95M
Analyze "OTC.L" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 3.37
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 3.37
Last Trade is below the 50 day moving average at 3.37
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 3.16
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of OTC.L

Stock Trend Analysis - Buy, Sell or Hold "Ortac Resources Ltd." (OTC.L)?

OTC.L is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 62% of the time spent trading above the 200 day moving average. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is further bucking the long term uptrend as it is identifying underlying weakness and a very weak shorter term trend. These may be early indications of a trend reversal but it is still too early to confirm with conviction. The long term trend remains up and the higher probability trade is to very selectively buy the dips. A successful test of the 200 SMA, currently near 3.16 would be a good place to start scaling in a long position, but this has to be done when the moving averages start to turn up or price action confirms a continuation of the up move. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "OTC.L".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 20 Oct 2017

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