ORION Holdings Corp. Stock Forecast
Green day on Friday for ORION Holdings Corp. stock after gaining 2.28%
(Updated on Jun 14, 2024)
The ORION Holdings Corp. stock price gained 2.28% on the last trading day (Friday, 14th Jun 2024), rising from ₩15,330.00 to ₩15,680.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.46% from a day low at ₩15,300.00 to a day high of ₩15,830.00. The price has risen in 6 of the last 10 days and is up by 7.4% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 239 thousand shares were bought and sold for approximately ₩3.74 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₩15,617.45, a level that may pose a second chance to hit a runner. According to fan-theory ₩16,800.00 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
001800.KS Signals & Forecast
Mostly positive signals in the chart today. The ORION Holdings Corp. stock 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 ₩15,101.43 and ₩14,836.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 7.40%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, September 15, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, September 15, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for ORION Holdings Corp. stock
ORION Holdings Corp. finds support from accumulated volume at ₩15,330.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₩530.00 between high and low, or 3.46%. For the last week the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: ₩14,917.31 (-4.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (001800.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect ORION Holdings Corp. to open at ₩15,603.33, and during the day (based on 14 day Average True Range), to move between ₩15,390.34 and ₩15,969.66, which gives a possible trading interval of +/-₩289.66 (+/-1.85%) up or down from last closing price. If ORION Holdings Corp. takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩15,330.00, some ₩350.00 (2.23%) from the current price of ₩15,680.00, our system finds the risk reward attractive.
Is ORION Holdings Corp. stock A Buy?
ORION Holdings Corp. holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.250 Strong Buy Candidate Unchanged
Predicted Opening Price for ORION Holdings Corp. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩15,603.33 ( 0.489%) | ₩15,680.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001800.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16,133.33 | 2.89% |
| R2 | 15,930.87 | 1.60% |
| R1 | 15,805.79 | 0.80% |
| Price | 15,680.00 | |
| S1 | 15,400.87 | -1.78% |
| S2 | 15,275.79 | -2.58% |
| S3 | 15,073.33 | -3.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 15,680.00 | |
| S1 | 15,330.00 | -2.23% |
| S2 | 15,280.00 | -2.55% |
| S3 | 14,000.00 | -10.71% |
001800 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩700.00 | 4.93% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩700.00 | 4.47% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩650.00 | 4.06% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩650.00 | 4.89% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩650.00 | 3.74% |
FAQ
Click here for our free guide on how to buy ORION Holdings Corp. Stock.
