Orange Stock Forecast
Stronger technical forecast for Orange stock price after Wednesday trading.
(Updated on May 01, 2024)
The Orange stock price fell by -0.361% on the last day (Wednesday, 1st May 2024) from $11.09 to $11.05. During the last trading day the stock fluctuated 0.543% from a day low at $11.05 to a day high of $11.11. The price has fallen in 6 of the last 10 days and is down by -1.16% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -440 thousand shares and in total, 219 thousand shares were bought and sold for approximately $2.42 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.93 is broken, it will firstly indicate a stronger fall rate. 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 $10.59 and $11.36 at the end of this 3-month period.
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ORAN Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $11.24 and $11.41. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -6.20%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 $0.0600 (0.543%) between high and low. For the last week, the stock has had daily average volatility of 0.720%.
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 Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Orange to open at $11.07, and during the day (based on 14 day Average True Range), to move between $10.88 and $11.22, which gives a possible trading interval of +/-$0.168 (+/-1.52%) up or down from last closing price. If Orange takes out the full calculated possible swing range there will be an estimated 3.04% 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 (0.09%) than the resistance at $11.50 (4.07%), 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 is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.456 Sell Candidate Upgraded
Predicted Opening Price for Orange of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$11.07 ( 0.181%) | $11.05 |
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 | 11.13 | 0.724 % | |
R2 | 11.11 | 0.517 % | ||
R1 | 11.09 | 0.388 % | ||
Current price: | 11.05 | |||
Support | S1 | 11.05 | -0.0264 % | |
S2 | 11.03 | -0.155 % | ||
S3 | 11.01 | -0.362 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.65 | 5.43 % | |
R2 | 11.52 | 4.25 % | ||
R1 | 11.50 | 4.07 % | ||
Current price | 11.05 | |||
Support | S1 | 11.04 | -0.0905% | |
S2 | 11.03 | -0.181% | ||
S3 | 11.01 | -0.362% |
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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