Technical Analysis for ORIT - Octopus Renewables Infrastructure Trust PLC
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 70.10 | -0.28% | -0.20 |
ORIT closed down 0.42 percent on Wednesday, April 24, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Very Strong | Down | Down | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Shooting Star Candlestick | Bearish | -0.28% | |
| Slingshot Bearish | Bearish Swing Setup | -0.28% | |
| 20 DMA Support | Bullish | -0.28% | |
| NR7 | Range Contraction | -0.28% | |
| Narrow Range Bar | Range Contraction | -0.28% | |
| Doji - Bearish? | Reversal | -0.28% | |
| 1,2,3 Retracement Bearish | Bearish Swing Setup | -0.71% | |
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | -0.71% | |
| 20 DMA Support | Bullish | -0.71% | |
| New 52 Week Low | Weakness | -0.71% |
| Alert | Time |
|---|---|
| Fell Below 20 DMA | 1 minute ago |
| Slingshot Bearish Entry | about 6 hours ago |
| Shooting Star Candlestick Entry | about 6 hours ago |
| Fell Below Previous Day's Low | about 6 hours ago |
| 20 DMA Support | about 6 hours ago |
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Octopus Renewables Infrastructure Trust Plc is a United Kingdom-based closed-end investment company. The Company is focused on building and operating a diversified portfolio of renewable energy Assets in Europe and Australia. The Company’s investment objective is to provide investors with attractive and sustainable dividends, alongside capital growth. The Company seeks to achieve its investment objective through investment in energy assets which generate electricity from renewable energy sources, with a particular focus on onshore wind farms and solar photovoltaic (PV) parks, and non-generation renewable energy related assets, which are already operating, in construction or are construction ready. Octopus Investments Limited is the investment manager of the Company.
Sector: Financial Services
Industry: Asset Management
Keywords: Energy Electricity Renewable Energy Energy Development Bright Green Environmentalism Energy Policy Low Carbon Economy Photovoltaics Renewable Energy Technology Technological Change Renewable Energy Commercialization Renewable Energy Sources
Classification
Sector: Financial Services
Industry: Asset Management
Keywords: Energy Electricity Renewable Energy Energy Development Bright Green Environmentalism Energy Policy Low Carbon Economy Photovoltaics Renewable Energy Technology Technological Change Renewable Energy Commercialization Renewable Energy Sources
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 103.5344 |
| 52 Week Low | 67.3 |
| Average Volume | 1,243,706 |
| 200-Day Moving Average | 85.19 |
| 50-Day Moving Average | 75.43 |
| 20-Day Moving Average | 70.20 |
| 10-Day Moving Average | 69.31 |
| Average True Range | 2.54 |
| RSI (14) | 40.48 |
| ADX | 52.84 |
| +DI | 5.77 |
| -DI | 15.95 |
| Chandelier Exit (Long, 3 ATRs) | 66.68 |
| Chandelier Exit (Short, 3 ATRs) | 74.92 |
| Upper Bollinger Bands | 72.61 |
| Lower Bollinger Band | 67.79 |
| Percent B (%b) | 0.52 |
| BandWidth | 6.88 |
| MACD Line | -1.82 |
| MACD Signal Line | -2.29 |
| MACD Histogram | 0.4677 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 71.95 | ||||
| Resistance 3 (R3) | 72.10 | 71.70 | 71.68 | ||
| Resistance 2 (R2) | 71.70 | 71.28 | 71.63 | 71.58 | |
| Resistance 1 (R1) | 71.00 | 71.02 | 71.35 | 70.85 | 71.49 |
| Pivot Point | 70.60 | 70.60 | 70.78 | 70.53 | 70.60 |
| Support 1 (S1) | 69.90 | 70.18 | 70.25 | 69.75 | 69.11 |
| Support 2 (S2) | 69.50 | 69.92 | 69.43 | 69.02 | |
| Support 3 (S3) | 68.80 | 69.50 | 68.93 | ||
| Support 4 (S4) | 68.65 |
