ORA Stock Crowded With Sellers
Technical Analysis Channel Staff - Thursday, September 29, 11:25 AM

In trading on Thursday, shares of Ormat Technologies Inc (ORA) entered into oversold territory, changing hands as low as $85.81 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of Ormat Technologies Inc, the RSI reading has hit 29.8 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 36.5, the RSI of WTI Crude Oil is at 46.0, the RSI of Henry Hub Natural Gas is presently 31.8, and the 3-2-1 Crack Spread RSI is 34.4.

A bullish investor could look at ORA's 29.8 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

Looking at a chart of one year performance (below), ORA's low point in its 52 week range is $60.32 per share, with $98.47 as the 52 week high point — that compares with a last trade of $87.18. Ormat Technologies Inc shares are currently trading down about 2.1% on the day.

Ormat Technologies Inc 1 Year Performance Chart


Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.

CMP Makes Bullish Cross Above Critical Moving Average
1 hour, 38 minutes ago


WPK.CA Makes Notable Cross Below Critical Moving Average
1 hour, 43 minutes ago


Bullish Two Hundred Day Moving Average Cross - NKE
1 hour, 43 minutes ago


REMX Makes Bullish Cross Above Critical Moving Average
1 hour, 43 minutes ago


EMX.CA Makes Bullish Cross Above Critical Moving Average
1 hour, 43 minutes ago


JPIB Makes Bullish Cross Above Critical Moving Average
1 hour, 43 minutes ago


PBF Crosses Critical Technical Indicator
1 hour, 46 minutes ago


VOR Crosses Above Key Moving Average Level
5 hours, 53 minutes ago


Dada Nexus Breaks Above 200-Day Moving Average - Bullish for DADA
5 hours, 58 minutes ago


FANH Makes Bullish Cross Above Critical Moving Average
6 hours, 4 minutes ago


TCPC Crosses Below Key Moving Average Level
6 hours, 4 minutes ago


MDGL Makes Bullish Cross Above Critical Moving Average
6 hours, 4 minutes ago


Cheesecake Factory (CAKE) Shares Cross Below 200 DMA
6 hours, 19 minutes ago


Notable Two Hundred Day Moving Average Cross - CBRL
6 hours, 19 minutes ago


IQV Crosses Below Key Moving Average Level
6 hours, 35 minutes ago


JinkoSolar Holding Breaks Above 200-Day Moving Average - Bullish for JKS
6 hours, 37 minutes ago


Aptiv Breaks Below 200-Day Moving Average - Notable for APTV
6 hours, 37 minutes ago


Bullish Two Hundred Day Moving Average Cross - ENV
6 hours, 37 minutes ago


Shares of HEZU Now Oversold
6 hours, 54 minutes ago


PGJ Crosses Above Key Moving Average Level
6 hours, 55 minutes ago


EQT Breaks Below 200-Day Moving Average - Notable for EQT
6 hours, 56 minutes ago


IWV Makes Notable Cross Below Critical Moving Average
7 hours, 1 minute ago


HEZU Makes Notable Cross Below Critical Moving Average
7 hours, 1 minute ago


BAC Crosses Below Key Moving Average Level
7 hours, 1 minute ago


DraftKings Breaks Above 200-Day Moving Average - Bullish for DKNG
Thursday, December 1, 4:49 PM


NGMS Crosses Above Key Moving Average Level
Thursday, December 1, 4:49 PM


DT Makes Bullish Cross Above Critical Moving Average
Thursday, December 1, 4:44 PM


Repligen (RGEN) Shares Cross Above 200 DMA
Thursday, December 1, 4:42 PM


CVCO Crosses Above Key Moving Average Level
Thursday, December 1, 4:42 PM


Alexander & Baldwin Breaks Above 200-Day Moving Average - Bullish for ALEX
Thursday, December 1, 4:41 PM


KGC Crosses Above Key Moving Average Level
Thursday, December 1, 4:34 PM


SR Crosses Below Key Moving Average Level
Thursday, December 1, 4:33 PM


Bullish Two Hundred Day Moving Average Cross - PCY
Thursday, December 1, 4:33 PM


Minerals Technologies Breaks Above 200-Day Moving Average - Bullish for MTX
Thursday, December 1, 4:33 PM


iShares iBonds Dec 2022 Term Corporate Breaks Below 200-Day Moving Average - Notable for IBDN
Thursday, December 1, 4:33 PM


Suncor Energy (SU.CA) Shares Cross Below 200 DMA
Thursday, December 1, 4:33 PM


FROG Crosses Above Key Moving Average Level
Thursday, December 1, 2:19 PM


Freshworks Breaks Above 200-Day Moving Average - Bullish for FRSH
Thursday, December 1, 2:15 PM


VRSK Makes Bullish Cross Above Critical Moving Average
Thursday, December 1, 1:38 PM


CORT Makes Notable Cross Below Critical Moving Average
Thursday, December 1, 1:34 PM


Patrick Industries (PATK) Shares Cross Above 200 DMA
Thursday, December 1, 1:32 PM


Integra LifeSciences Holdings (IART) Shares Cross Above 200 DMA
Thursday, December 1, 1:32 PM


Coca-Cola Consolidated Breaks Above 200-Day Moving Average - Bullish for COKE
Thursday, December 1, 1:31 PM


Costco Wholesale (COST) Shares Cross Below 200 DMA
Thursday, December 1, 1:31 PM


SHOO Makes Bullish Cross Above Critical Moving Average
Thursday, December 1, 1:31 PM


Middleby Breaks Above 200-Day Moving Average - Bullish for MIDD
Thursday, December 1, 1:30 PM


DG Makes Notable Cross Below Critical Moving Average
Thursday, December 1, 12:24 PM


TPH Makes Bullish Cross Above Critical Moving Average
Thursday, December 1, 12:23 PM


CCS Crosses Above Key Moving Average Level
Thursday, December 1, 12:17 PM


ALC Makes Bullish Cross Above Critical Moving Average
Thursday, December 1, 12:14 PM


Yeti Holdings Breaks Above 200-Day Moving Average - Bullish for YETI
Thursday, December 1, 12:14 PM


Bullish Two Hundred Day Moving Average Cross - BALY
Thursday, December 1, 12:13 PM


Bullish Two Hundred Day Moving Average Cross - ESI
Thursday, December 1, 12:13 PM


Artisan Partners Asset Management (APAM) Shares Cross Above 200 DMA
Thursday, December 1, 12:12 PM


OGS Makes Notable Cross Below Critical Moving Average
Thursday, December 1, 12:12 PM


Essent Group (ESNT) Shares Cross Above 200 DMA
Thursday, December 1, 12:09 PM


IHG Crosses Above Key Moving Average Level
Thursday, December 1, 12:09 PM


Designer Brands Breaks Below 200-Day Moving Average - Notable for DBI
Thursday, December 1, 12:08 PM


Bullish Two Hundred Day Moving Average Cross - SEM
Thursday, December 1, 12:07 PM


QQQJ Crosses Above Key Moving Average Level
Thursday, December 1, 12:05 PM


RCS Makes Bullish Cross Above Critical Moving Average
Thursday, December 1, 12:04 PM


Eldorado Gold Breaks Above 200-Day Moving Average - Bullish for EGO
Thursday, December 1, 12:04 PM


IHI Makes Bullish Cross Above Critical Moving Average
Thursday, December 1, 11:59 AM


iShares MSCI Switzerland (EWL) Shares Cross Above 200 DMA
Thursday, December 1, 11:59 AM


CTA Crowded With Sellers
Thursday, December 1, 11:59 AM


Bullish Two Hundred Day Moving Average Cross - IAU
Thursday, December 1, 11:58 AM


EWM Makes Bullish Cross Above Critical Moving Average
Thursday, December 1, 11:58 AM


OGC.CA Crosses Above Key Moving Average Level
Thursday, December 1, 11:56 AM


MFI Crosses Above Key Moving Average Level
Thursday, December 1, 11:55 AM


MFI.CA Crosses Above Key Moving Average Level
Thursday, December 1, 11:53 AM


BKLC Breaks Above 200-Day Moving Average - Bullish for BKLC
Thursday, December 1, 11:52 AM


PSQ Crosses Below Key Moving Average Level
Thursday, December 1, 11:51 AM


IWL Crosses Above Key Moving Average Level
Thursday, December 1, 11:47 AM


Bullish Two Hundred Day Moving Average Cross - VOT
Thursday, December 1, 11:47 AM


Bullish Two Hundred Day Moving Average Cross - FOF
Thursday, December 1, 11:43 AM


AAAU Makes Bullish Cross Above Critical Moving Average
Thursday, December 1, 11:42 AM


Bullish Two Hundred Day Moving Average Cross - OUNZ
Thursday, December 1, 11:41 AM


IQDF Shares Cross Above 200 DMA
Thursday, December 1, 11:40 AM


ROBO Breaks Above 200-Day Moving Average - Bullish for ROBO
Thursday, December 1, 11:38 AM


JPIN Shares Cross Above 200 DMA
Thursday, December 1, 11:38 AM


Beazer Homes USA Breaks Above 200-Day Moving Average - Bullish for BZH
Thursday, December 1, 11:38 AM


NFRA Makes Bullish Cross Above Critical Moving Average
Thursday, December 1, 11:38 AM


SPDR Gold MiniShares Trust Breaks Above 200-Day Moving Average - Bullish for GLDM
Thursday, December 1, 11:37 AM


Bullish Two Hundred Day Moving Average Cross - PUK
Thursday, December 1, 11:35 AM


BIBL Crosses Above Key Moving Average Level
Thursday, December 1, 11:33 AM


Quotes delayed 20 minutes

Email EnvelopeFree ORA Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Video: Technical Analysis


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
10 Most Oversold S&P 500 Stocks
10 Most Overbought S&P 500 Stocks

10 ETFs With Stocks Insiders Are Buying
10 ETFs With Most Upside To Targets
The DividendRank Top 25
Warren Buffett Dividend Stocks
10 Cheap Dividend Stocks Under $10
10 Top DividendRank'ed Energy Stocks
The 10 Highest Yielding Preferred Stocks
The 15 Most Active S&P Call & Put Options
 

ORA Stock Crowded With Sellers | www.TechnicalAnalysisChannel.com | Copyright © 2019 - 2022, All Rights Reserved

Nothing in TechnicalAnalysisChannel.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and market videos powered by Market News Video. Quote and option data delayed at least 15 minutes; stock quote data powered by Ticker Technologies, and Mergent.