Oceania Healthcare Limited Stock Forecast

Oceania Healthcare Limited stock price down 0% on Friday
(Updated on May 31, 2024)

OCA.NZ Signals & Forecast

There are mixed signals in the stock today. 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 $0.567 and $0.581. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 1.85%. 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).

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

Oceania Healthcare Limited finds support from accumulated volume at $0.540 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 $0.0200 between high and low, or 3.64%. For the last week the stock has had daily average volatility of 3.94%.

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 Tuesday 4th

For the upcoming trading day on Tuesday, 4th we expect Oceania Healthcare Limited to open at $0.557, and during the day (based on 14 day Average True Range), to move between $0.528 and $0.572, which gives a possible trading interval of +/-$0.0223 (+/-4.05%) up or down from last closing price. If Oceania Healthcare Limited takes out the full calculated possible swing range there will be an estimated 8.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.540 (1.82%) than the resistance at $0.610 (10.91%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.308 Sell Candidate Unchanged

Predicted Opening Price for Oceania Healthcare Limited of Tuesday, June 4, 2024

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