OCI N.V. Stock Forecast
OCI N.V. stock downgraded to Sell Candidate
(Updated on Jun 25, 2024)
The OCI N.V. stock price fell by -0.0430% on the last day (Tuesday, 25th Jun 2024) from 23.25€ to 23.24€. During the last trading day the stock fluctuated 1.66% from a day low at 22.95€ to a day high of 23.33€. The price has fallen in 6 of the last 10 days and is down by -3.13% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -211 thousand shares and in total, 252 thousand shares were bought and sold for approximately 5.85€ million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 22.78€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.02% during the next 3 months and, with a 90% probability hold a price between 21.41€ and 24.24€ at the end of this 3-month period.
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OCI.AS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 1.44%. 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 OCI N.V. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 24.70€. On a fall, the stock will find some support from the short-term average at 23.11€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for OCI N.V. stock
OCI N.V. finds support from accumulated volume at 23.17€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.380€ between high and low, or 1.66%. For the last week, the stock has had daily average volatility of 1.53%.
OCI N.V. is oversold on RSI14 (17). 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 (OCI.AS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect OCI N.V. to open at 23.17€, and during the day (based on 14 day Average True Range), to move between 22.78€ and 23.70€, which gives a possible trading interval of +/-0.459€ (+/-1.97%) up or down from last closing price. If OCI N.V. takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 23.17€ (0.30%) than the resistance at 24.80€ (6.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is OCI N.V. stock A Buy?
OCI N.V. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.298 Sell Candidate Downgraded
Predicted Opening Price for OCI N.V. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
23.17€ ( 0.287%) | 23.24€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OCI.AS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.55 | 1.35% |
R2 | 23.41 | 0.724% |
R1 | 23.32 | 0.338% |
Price | 23.24 | |
S1 | 23.03 | -0.91% |
S2 | 22.94 | -1.30% |
S3 | 22.79 | -1.92% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.63 | 10.28% |
R2 | 25.06 | 7.83% |
R1 | 24.80 | 6.71% |
Price | 23.24 | |
S1 | 23.17 | -0.301% |
S2 | 23.05 | -0.82% |
S3 | 22.91 | -1.42% |
OCI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 26, 2023 | Oct 26, 2023 | Oct 26, 2023 | 0.85€ | 3.94% |
2 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | 3.50€ | 13.49% |
3 | Oct 26, 2022 | Oct 26, 2022 | Oct 26, 2022 | 3.55€ | 9.12% |
4 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | 1.45€ | 4.36% |
FAQ
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