Oceania Healthcare Limited Stock Forecast

Oceania Healthcare Limited stock price ended at $0.560 on Friday, after losing 3.45%.
(Updated on May 10, 2024)

OCA.NZ Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 1.82%. 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 Oceania Healthcare Limited 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 $0.570 and $0.610. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Oceania Healthcare Limited stock

Oceania Healthcare Limited finds support from accumulated volume at $0.550 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 $0.0300 between high and low, or 5.36%. For the last week the stock has had daily average volatility of 4.28%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (OCA.NZ) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Oceania Healthcare Limited to open at $0.570, and during the day (based on 14 day Average True Range), to move between $0.536 and $0.584, which gives a possible trading interval of +/-$0.0237 (+/-4.22%) up or down from last closing price. If Oceania Healthcare Limited takes out the full calculated possible swing range there will be an estimated 8.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.550 (1.79%) than the resistance at $0.590 (5.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Oceania Healthcare Limited stock A Buy?

Oceania Healthcare Limited holds several negative signals and is within a wide and 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.

Current score: -4.611 Sell Candidate Unchanged

Predicted Opening Price for Oceania Healthcare Limited of Monday, May 13, 2024

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