Order status
Mage_Sales_Model_Order::STATE_NEW
Mage_Sales_Model_Order::STATE_COMPLETE
Mage_Sales_Model_Order::STATE_PROCESSING
Mage_Sales_Model_Order::STATE_PENDING_PAYMENT
Mage_Sales_Model_Order::STATE_HOLDED
Mage_Sales_Model_Order::STATE_CANCELED
Mage_Sales_Model_Order::STATE_CLOSED
Some time we need to explicitly update the order status. We can change or update the order status as below,
$yourOrder->setState(Mage_Sales_Model_Order::STATE_HOLDED,
true);
$yourOrder->save();
It's always good practice to take database backup while doing such operations.