Oesterreichische Post AG Stock Forecast

Oesterreichische Post AG stock price ended at 30.50€ on Friday, after losing 0%.
(Updated on May 31, 2024)

O3P.DE Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Oesterreichische Post AG 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 30.70€ and 31.24€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Oesterreichische Post AG stock

Oesterreichische Post AG finds support from accumulated volume at 30.35€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.

Oesterreichische Post AG is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: 28.51€ (-6.52%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 24 which reduces the risk some. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (O3P.DE) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Oesterreichische Post AG to open at 30.50€, and during the day (based on 14 day Average True Range), to move between 30.18€ and 30.82€, which gives a possible trading interval of +/-0.324€ (+/-1.06%) up or down from last closing price. If Oesterreichische Post AG takes out the full calculated possible swing range there will be an estimated 2.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 30.35€ (0.49%) than the resistance at 31.20€ (2.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Oesterreichische Post AG stock A Buy?

Oesterreichische Post AG holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.887 Hold/Accumulate Unchanged

Predicted Opening Price for Oesterreichische Post AG of Monday, June 3, 2024

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