Oakley Capital Investments Ltd Stock Forecast
Green day on Friday for Oakley Capital Investments Ltd stock after gaining 0.105%
(Updated on Apr 26, 2024)
The Oakley Capital Investments Ltd stock price gained 0.105% on the last trading day (Friday, 26th Apr 2024), rising from £476.00 to £476.50. During the last trading day the stock fluctuated 1.24% from a day low at £472.05 to a day high of £477.89. The price has fallen in 5 of the last 10 days and is down by -0.31% for this period. Volume fell on the last day by -6 thousand shares and in total, 89 thousand shares were bought and sold for approximately £42.19 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.96% during the next 3 months and, with a 90% probability hold a price between £471.91 and £514.49 at the end of this 3-month period.
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OCI.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -1.14%. 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). The Oakley Capital Investments Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £473.29 and £466.46. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A sell signal from a double top formation was found on Monday, April 08, 2024 and based on theory for this formation the price should fall by -8.32% to £436.83 within 30 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for Oakley Capital Investments Ltd stock
Oakley Capital Investments Ltd finds support from accumulated volume at £473.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £5.84 between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: £458.41 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (OCI.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Oakley Capital Investments Ltd to open at £475.48, and during the day (based on 14 day Average True Range), to move between £470.45 and £482.55, which gives a possible trading interval of +/-£6.05 (+/-1.27%) up or down from last closing price. If Oakley Capital Investments Ltd takes out the full calculated possible swing range there will be an estimated 2.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £478.00 (0.31%) than the support at £473.00 (0.73%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Oakley Capital Investments Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Oakley Capital Investments Ltd stock to perform well in the short-term.
Current score: 1.742 Buy Candidate Unchanged
Predicted Opening Price for Oakley Capital Investments Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £475.48 ( 0.214%) | £476.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OCI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 481.32 | 1.01 % | |
| R2 | 479.09 | 0.543 % | ||
| R1 | 477.71 | 0.254 % | ||
| Current price: | 476.50 | |||
| Support | S1 | 473.25 | -0.682 % | |
| S2 | 471.87 | -0.97 % | ||
| S3 | 469.64 | -1.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 481.50 | 1.05 % | |
| R2 | 480.00 | 0.735 % | ||
| R1 | 478.00 | 0.315 % | ||
| Current price | 476.50 | |||
| Support | S1 | 473.00 | -0.735% | |
| S2 | 460.00 | -3.46% | ||
| S3 | 448.50 | -5.88% |
OCI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Apr 26, 2024 | £2.25 | 0.472% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Apr 26, 2024 | £2.25 | 0.472% |
| 3 | Sep 21, 2023 | Sep 21, 2023 | Sep 21, 2023 | £2.25 | 0.493% |
| 4 | Mar 09, 2023 | Mar 16, 2023 | Apr 21, 2023 | £2.25 | 0.491% |
| 5 | Sep 08, 2022 | Sep 22, 2022 | Oct 13, 2022 | £2.25 | 0.615% |
FAQ
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