Oriental Culture Holding LTD Stock Forecast

High volatility in Oriental Culture Holding LTD stock price on Thursday which ended trading at $1.00
(Updated on Apr 25, 2024)

OCG Signals & Forecast

There are few to no technical positive signals at the moment. The Oriental Culture Holding LTD 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 $1.01 and $1.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 21, 2024, and so far it has fallen -53.29%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Oriental Culture Holding LTD stock

Oriental Culture Holding LTD finds support from accumulated volume at $0.99 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.115 between high and low, or 11.56%. For the last week the stock has had daily average volatility of 5.84%.

Oriental Culture Holding LTD is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (OCG) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Oriental Culture Holding LTD to open at $1.03, and during the day (based on 14 day Average True Range), to move between $0.90 and $1.09, which gives a possible trading interval of +/-$0.0971 (+/-9.76%) up or down from last closing price. If Oriental Culture Holding LTD takes out the full calculated possible swing range there will be an estimated 19.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.99 (0.30%) than the resistance at $1.07 (7.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Oriental Culture Holding LTD stock A Buy?

Oriental Culture Holding LTD holds several negative signals and is within a very 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.742 Sell Candidate Upgraded

Predicted Opening Price for Oriental Culture Holding LTD of Friday, April 26, 2024

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