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(ORMP) Oramed Pharmaceuticals complete technical analysis [charts+indicators] | Buy/Sell Oramed Pharmaceuticals | (ORMP) share price targets

Complete technical analysis of Oramed Pharmaceuticals (ORMP) by charts plus indicators, forecast predictions and share price targets for Oramed Pharmaceuticals (ORMP)

Oramed Pharmaceuticals trades in USA in Health Care sector.

Showing technical analysis as on 2024-05-30 View latest technical analysis

10 day averaged volume of Oramed Pharmaceuticals is 113302

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	2.24	2.19	2.28	2.19	0.877 times
29 Wed May 2024	2.18	2.21	2.23	2.15	1.079 times
28 Tue May 2024	2.20	2.26	2.33	2.20	1.8 times
23 Thu May 2024	2.32	2.30	2.34	2.23	0.803 times
22 Wed May 2024	2.30	2.29	2.38	2.28	1.227 times
21 Tue May 2024	2.31	2.31	2.40	2.31	0.807 times
20 Mon May 2024	2.37	2.29	2.40	2.27	0.997 times
17 Fri May 2024	2.30	2.34	2.39	2.30	0.386 times
16 Thu May 2024	2.33	2.35	2.37	2.26	0.87 times
15 Wed May 2024	2.39	2.40	2.44	2.35	1.086 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.3, but if it comes above 2.3, then a intra day buy could be more profitable.
If you take a sell trade below 2.3, then use 2.3 as stoploss and 2.2 as target. However if you take a buy trade in stock , then use 2.3 as stoploss and 2.35 as target.

Share price targets for Oramed Pharmaceuticals (ORMP)

Target Type	Value
Downside Target	2.10
Downside Target	2.23
Upside Target	2.32
Upside Target	2.40
Upside Target	2.48
Upside Target	2.55
Upside Target	2.58
Upside Target	2.65
Upside Target	2.95
Upside Target	3.29
Upside Target	3.45
Upside Target	3.67

Intraday share price targets for Oramed Pharmaceuticals (ORMP)

Target Type	Value
Downside Intraday Target	2.15
Downside Intraday Target	2.06
Upside Intraday Target	2.33
Upside Intraday Target	2.42
Downside Intraday Target	2.24

Weekly technical analysis of Oramed Pharmaceuticals (ORMP)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	2.24	2.26	2.33	2.15	0.98 times
23 Thu May 2024	2.32	2.29	2.40	2.23	0.998 times
17 Fri May 2024	2.30	2.40	2.49	2.26	1.272 times
10 Fri May 2024	2.40	2.38	2.55	2.32	0.975 times
03 Fri May 2024	2.35	2.46	2.48	2.24	1.086 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Oramed Pharmaceuticals (ORMP)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Thu May 2024	2.24	2.29	2.55	2.15	0.797 times
30 Tue Apr 2024	2.32	2.95	2.95	2.14	0.832 times
28 Thu Mar 2024	2.92	3.29	3.45	2.65	0.638 times
29 Thu Feb 2024	3.29	2.97	3.67	2.58	1.091 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Oramed Pharmaceuticals (ORMP)

Price action analysis of Oramed Pharmaceuticals ( (ORMP) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Oramed Pharmaceuticals ( (ORMP) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Oramed Pharmaceuticals ( (ORMP) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Oramed Pharmaceuticals stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Oramed Pharmaceuticals in short term and the sell signal is strong.

Oramed Pharmaceuticals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Oramed Pharmaceuticals in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Oramed Pharmaceuticals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.29 and Oramed Pharmaceuticals (ORMP) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Oramed Pharmaceuticals (ORMP) stock. Volume based technical analysis of Oramed Pharmaceuticals (ORMP) stock is negative.

Oramed Pharmaceuticals Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.