Back to top

Is ORA lining up for a decline? 1,2,3 Retracement Bearish shows up after advancing 1.53%

Ormat Technologies, Inc. (ORA) — Nightly Technical Analysis · Jul 2, 2026, 17:49 ET
On Thursday, July 2nd, ORA moved up 1.53% while volume shrunk to 0.3× the usual levels. Multiple bearish signals emerged — 1,2,3 Retracement Bearish, Lower Bollinger Band Walk, Slingshot Bearish & Non-ADX 1,2,3,4 Bearish — suggesting potential weakness ahead. Key support levels exist at 110.7, 108.77 & 106.71, with resistance at 114.7, 116.76 & 118.69. Slow Stochastic readings suggest the stock is currently oversold.

Current SwingTradeBot Technical Rating of ORA: D

Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.

Read full article here »

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Ormat Technologies, Inc. (ORA)