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Ormat Technologies' 15min chart triggers KDJ Golden Cross, Bullish Marubozu signal.
ByAinvest
Wednesday, Aug 13, 2025 3:34 pm ET1min read
Ormat Technologies's 15-minute chart recently exhibited a Golden Cross KDJ and a Bullish Marubozu pattern at 08:30 on August 13th. This suggests that the momentum of the stock price is shifting towards an upward trajectory, indicating potential for further growth. As buyers continue to exert control over the market, the bullish momentum is likely to persist.
Ormat Technologies (NYSE: ORA) has recently shown signs of a bullish trend in its 15-minute chart, with a Golden Cross KDJ and a Bullish Marubozu pattern observed on August 13th at 08:30 AM. These technical indicators suggest a significant shift in momentum towards the upside, indicating potential for further growth in the stock price.The Golden Cross KDJ is a bullish signal that occurs when the 50-day moving average crosses above the 200-day moving average. This pattern often signals a change in trend from bearish to bullish, suggesting that buyers are gaining control over the market [1].
The Bullish Marubozu pattern, a candlestick formation, indicates a strong upward trend. This pattern is characterized by a long body with no upper or lower wick, suggesting that the price moved steadily upward with no significant resistance or support during the period [2].
Despite these bullish signals, Ormat Technologies has recently faced challenges. The company reported a 5.1% increase in quarterly revenue when it released its results on August 6 for the period ending June 30, 2025. However, the market's technical indicators may be causing investors to reassess their positions [3].
Investors should closely monitor Ormat Technologies' earnings report and the market's technical indicators to make informed decisions. The current market conditions, as indicated by the Golden Cross KDJ and Bullish Marubozu, may lead to an upward trend in Ormat Technologies' stock price.
References:
[1] https://www.ainvest.com/news/ormat-technologies-macd-death-cross-bearish-marubozu-trigger-warning-2508/
[2] https://www.marketbeat.com/instant-alerts/td-cowen-increases-ormat-technologies-nyseora-price-target-to-8500-2025-08-08/
[3] https://www.nasdaq.com/articles/ormat-technologies-q2-earnings-outpace-estimates-revenues-increase-y-y
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