RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Red day on Thursday for Oclaro fund after losing 0%
(Updated on Dec 27, 2018)

Buy or Hold candidate since Dec 03, 2018 PDF

No changes to the price of Oclaro fund on the last trading day (Thursday, 27th Dec 2018). During the last trading day the fund fluctuated 0% from a day low at $8.26 to a day high of $8.26. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The fund lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -6.66% during the next 3 months and, with a 90% probability hold a price between $6.63 and $7.98 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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OCLR Signals & Forecast

The Oclaro fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.26 and $8.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, December 07, 2018, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Oclaro fund

Oclaro finds support from accumulated volume at $8.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: $7.76 (-6.00%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (OCLR) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Oclaro to open at $8.26, and during the day (based on 14 day Average True Range), to move between $8.15 and $8.37, which gives a possible trading interval of +/-$0.114 (+/-1.38%) up or down from last closing price. If Oclaro takes out the full calculated possible swing range there will be an estimated 2.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.25 (0.12%) than the resistance at $8.29 (0.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Oclaro fund A Buy?

Oclaro holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.880 Hold/Accumulate Unchanged

Predicted Opening Price for Oclaro of Friday, December 28, 2018

Fair opening price December 28, 2018 Current price
$8.26 ( 0%) $8.26

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for OCLR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.26 .
R2 8.26 .
R1 8.26 .
Current price: 8.26
Support S1 8.26 .
S2 8.26 .
S3 8.26 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.44 2.18 %
R2 8.43 2.06 %
R1 8.29 0.363 %
Current price 8.26
Support S1 8.25 -0.121%
S2 7.75 -6.17%
S3 7.54 -8.72%

FAQ

What is the symbol for Oclaro Fund and on which exchange is it traded?
The symbol for Oclaro is OCLR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Oclaro Fund?
Oclaro holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Oclaro Fund?
Oclaro Fund can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Oclaro Fund.

What's the current price of Oclaro Fund?
As of the end of day on the 2018-12-27, the price of an Oclaro (OCLR) share was $8.26.

What is the 52-week high and low for Oclaro Fund?
The 52-week high for Oclaro Fund is $10.20 and the 52-week low is $5.61.
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About Oclaro

Oclaro, Inc. designs, manufactures, and markets lasers and optical components, modules, and subsystems for the optical communications, industrial, and consumer laser markets worldwide. The companyÂ’s products generate, detect, combine, and separate light signals in optical communications networks. It offers client side transceivers, including pluggable transceivers; line side transceivers; tunable laser transmitters, such as discrete lasers and c... OCLR Profile

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