ORWE - fast and secure #ORWE - Timeframe 15 minutes .
Created 2 Bullish patterns ,( Gartley - AB=CD ) with same targets .
Entry level at 21.95
Stop loss 21.80
First target at 22.35
Second target 22.63
Third target 22.83
Also MACD and RSI show positive diversion that's may support our idea .
note : chart on timeframe
3.049 EGP
2.54 B EGP
24.29 B EGP
295.86 M
About Oriental Weavers Carpet
Sector
Industry
CEO
Salah Abdel Aziz Abdel Motalab
Website
Headquarters
Cairo
Founded
1979
ISIN
EGS33041C012
FIGI
BBG000BYCCF6
Oriental Weavers Group engages in the production, sale, and export of ready-made carpets. Its products include area rugs, custom carpets, and Gobelin tapestry. The firm operates through the following segments: Woven, Tufted, and Non-Woven. The Woven segment manufactures machine woven carpets and rugs. The Tufted segment manufactures wall-to-wall carpeting, door and kitchen rugs, rubber-backed bathroom mats, multilevel textured mats for outdoor applications, car mats, children's rugs and mats, scatter rugs and club rugs. The Non-Woven Felt segment specializes in the production of master batch, polypropylene staple fiber and needle felt carpet products. Oriental Weavers Group was founded in 1979 and is headquartered in Cairo, Egypt.
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breakout above resistance** can signal strong upside potential.
#### **1️⃣ Chart Pattern & Breakout Potential**
- The stock is forming a **descending triangle**, which is often bearish, but **a breakout above resistance** can signal strong upside potential.
- The price is consolidating near **24.23 EGP**, close to a breakout point.
- If the price **bre
Long $ORWEOriental Weavers Carpets Company (S.A.E) (EGX:ORWE) is a leading global manufacturer and seller of carpets, jet-printed rugs, and related raw materials. Their product range includes machine-woven and non-woven carpets, various types of rugs and mats, and artificial turf for both indoor and outdoor a
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of ORWE is 22.350 EGP — it has increased by 1.73% in the past 24 hours. Watch Oriental Weavers Carpet stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on EGX exchange Oriental Weavers Carpet stocks are traded under the ticker ORWE.
ORWE stock has risen by 3.72% compared to the previous week, the month change is a 0.63% rise, over the last year Oriental Weavers Carpet has showed a −4.89% decrease.
We've gathered analysts' opinions on Oriental Weavers Carpet future price: according to them, ORWE price has a max estimate of 30.00 EGP and a min estimate of 30.00 EGP. Watch ORWE chart and read a more detailed Oriental Weavers Carpet stock forecast: see what analysts think of Oriental Weavers Carpet and suggest that you do with its stocks.
ORWE reached its all-time high on Oct 21, 2024 with the price of 35.120 EGP, and its all-time low was 0.516 EGP and was reached on Dec 6, 2001. View more price dynamics on ORWE chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
ORWE stock is 1.35% volatile and has beta coefficient of 0.84. Track Oriental Weavers Carpet stock price on the chart and check out the list of the most volatile stocks — is Oriental Weavers Carpet there?
Today Oriental Weavers Carpet has the market capitalization of 14.83 B, it has decreased by −0.59% over the last week.
Yes, you can track Oriental Weavers Carpet financials in yearly and quarterly reports right on TradingView.
ORWE net income for the last quarter is 530.64 M EGP, while the quarter before that showed 513.26 M EGP of net income which accounts for 3.39% change. Track more Oriental Weavers Carpet financial stats to get the full picture.
Oriental Weavers Carpet dividend yield was 6.40% in 2024, and payout ratio reached 41.86%. The year before the numbers were 7.37% and 47.78% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, ORWE shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Oriental Weavers Carpet stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So Oriental Weavers Carpet technincal analysis shows the buy rating today, and its 1 week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating Oriental Weavers Carpet stock shows the buy signal. See more of Oriental Weavers Carpet technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.