Orange Stock Forecast
Orange stock price ended at $11.09 on Thursday, after gaining 0.362%.
(Updated on May 02, 2024)
The Orange stock price gained 0.362% on the last trading day (Thursday, 2nd May 2024), rising from $11.05 to $11.09. During the last trading day the stock fluctuated 0.352% from a day low at $11.06 to a day high of $11.10. The price has fallen in 6 of the last 10 days and is down by -2.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 134 thousand more shares were traded than the day before. In total, 353 thousand shares were bought and sold for approximately $3.91 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.18% during the next 3 months and, with a 90% probability hold a price between $10.58 and $11.36 at the end of this 3-month period.
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ORAN Signals & Forecast
There are mixed signals in the stock today. The Orange stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $11.16 and $11.40. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 0.362%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Orange stock
Orange finds support from accumulated volume at $11.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0389 (0.352%) between high and low. For the last week, the stock has had daily average volatility of 0.602%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ORAN) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Orange to open at $11.08, and during the day (based on 14 day Average True Range), to move between $10.93 and $11.25, which gives a possible trading interval of +/-$0.160 (+/-1.44%) up or down from last closing price. If Orange takes out the full calculated possible swing range there will be an estimated 2.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.04 (0.45%) than the resistance at $11.50 (3.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Orange stock A Buy?
Orange holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.733 Sell Candidate Unchanged
Predicted Opening Price for Orange of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$11.08 ( 0.0568%) | $11.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ORAN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.12 | 0.294 % | |
R2 | 11.11 | 0.160 % | ||
R1 | 11.10 | 0.0772 % | ||
Current price: | 11.09 | |||
Support | S1 | 11.07 | -0.191 % | |
S2 | 11.06 | -0.274 % | ||
S3 | 11.04 | -0.408 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.65 | 5.05 % | |
R2 | 11.52 | 3.88 % | ||
R1 | 11.50 | 3.70 % | ||
Current price | 11.09 | |||
Support | S1 | 11.04 | -0.451% | |
S2 | 11.03 | -0.541% | ||
S3 | 11.01 | -0.721% |
ORAN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 07, 2023 | Nov 30, 2023 | Dec 21, 2023 | $0.320 | 2.79% |
2 | Apr 27, 2023 | Jun 05, 2023 | Jun 07, 2023 | $0.314 | 2.74% |
3 | May 11, 2023 | Jun 01, 2023 | Jun 22, 2023 | $0.439 | 3.92% |
4 | Nov 15, 2022 | Dec 01, 2022 | Dec 22, 2022 | $0.312 | 3.16% |
5 | Jun 01, 2022 | Jun 03, 2022 | Jun 24, 2022 | $0.421 | 3.57% |
FAQ
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