Oddity Tech Ltd. Stock Forecast
Oddity Tech Ltd. stock price up 1.48% on Friday
(Updated on Apr 26, 2024)
The Oddity Tech Ltd. stock price gained 1.48% on the last trading day (Friday, 26th Apr 2024), rising from $31.72 to $32.19. During the last trading day the stock fluctuated 2.72% from a day low at $31.62 to a day high of $32.48. The price has fallen in 7 of the last 10 days and is down by -7.07% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 102 thousand more shares were traded than the day before. In total, 527 thousand shares were bought and sold for approximately $16.97 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $31.57 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.52% during the next 3 months and, with a 90% probability hold a price between $25.72 and $34.42 at the end of this 3-month period.
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ODD Signals & Forecast
There are mixed signals in the stock today. The Oddity Tech 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 $32.70 and $39.22. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.48%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Oddity Tech Ltd. stock
Oddity Tech Ltd. finds support from accumulated volume at $31.97 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.86 between high and low, or 2.72%. 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 (ODD) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Oddity Tech Ltd. to open at $32.10, and during the day (based on 14 day Average True Range), to move between $30.36 and $34.02, which gives a possible trading interval of +/-$1.83 (+/-5.67%) up or down from last closing price. If Oddity Tech Ltd. takes out the full calculated possible swing range there will be an estimated 11.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.97 (0.68%) than the resistance at $36.37 (12.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Oddity Tech Ltd. stock A Buy?
Oddity Tech Ltd. 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: -5.111 Strong Sell Candidate Unchanged
Predicted Opening Price for Oddity Tech Ltd. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$32.10 ( 0.290%) | $32.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ODD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.96 | 2.38 % | |
R2 | 32.63 | 1.36 % | ||
R1 | 32.43 | 0.731 % | ||
Current price: | 32.19 | |||
Support | S1 | 31.77 | -1.31 % | |
S2 | 31.57 | -1.94 % | ||
S3 | 31.24 | -2.96 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.13 | 24.67 % | |
R2 | 37.80 | 17.43 % | ||
R1 | 36.37 | 12.99 % | ||
Current price | 32.19 | |||
Support | S1 | 31.97 | -0.683% | |
S2 | 31.72 | -1.46% | ||
S3 | 0 | . |
FAQ
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