Omega Healthcare Investors, Inc. Stock Forecast

Evaluation of Omega Healthcare Investors, Inc. stock downgraded after the last trading session.
(Updated on Jun 28, 2024)

0KBL.L Signals & Forecast

The Omega Healthcare Investors, Inc. 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 $33.24 and $31.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 8.08%. Further rise is indicated until a new top pivot has been found. Omega Healthcare Investors, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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). The stock had a Golden Star Signal on Monday, May 20, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, March 11, 2024.

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 Omega Healthcare Investors, Inc. stock

Omega Healthcare Investors, Inc. finds support from accumulated volume at $33.28 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 $0.410 (1.22%) between high and low. For the last week, the stock has had daily average volatility of 1.15%.

Our recommended stop-loss: $32.39 (-5.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (0KBL.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Omega Healthcare Investors, Inc. to open at $34.00, and during the day (based on 14 day Average True Range), to move between $33.65 and $34.57, which gives a possible trading interval of +/-$0.465 (+/-1.36%) up or down from last closing price. If Omega Healthcare Investors, Inc. takes out the full calculated possible swing range there will be an estimated 2.73% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $33.28, some $0.83 (2.43%) from the current price of $34.11, our system finds the risk reward attractive.

Is Omega Healthcare Investors, Inc. stock A Buy?

Omega Healthcare Investors, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Omega Healthcare Investors, Inc. of Monday, July 1, 2024

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