Osmozis SA Stock Forecast

Stronger technical forecast for Osmozis SA stock price after Monday trading.
(Updated on May 20, 2024)

ALOSM.PA Signals & Forecast

The Osmozis SA 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 11.61€ and 10.92€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 45.54%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Osmozis SA stock

Osmozis SA finds support from accumulated volume at 14.65€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.1000€ between high and low, or 0.685%. For the last week the stock has had daily average volatility of 1.90%.

The Osmozis SA stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 14.29€ (-2.78%) (This stock has high daily movements and this gives high risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (ALOSM.PA) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Osmozis SA to open at 14.67€, and during the day (based on 14 day Average True Range), to move between 14.24€ and 15.16€, which gives a possible trading interval of +/-0.458€ (+/-3.12%) up or down from last closing price. If Osmozis SA takes out the full calculated possible swing range there will be an estimated 6.24% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 14.65€, some 0.0500€ (0.34%) from the current price of 14.70€, our system finds the risk reward attractive.

Is Osmozis SA stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.781 Buy Candidate Upgraded

Predicted Opening Price for Osmozis SA of Tuesday, May 21, 2024

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