Odd Burger Corporation Stock Forecast

Is Odd Burger Corporation stock still a buy after falling -21.30% on Friday?
(Updated on Jun 28, 2024)

ODDAF Signals & Forecast

There are few to no technical positive signals at the moment. The Odd Burger Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.121 and $0.117. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -40.73%. 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 Odd Burger Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0800. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.

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

Trading Expectations (ODDAF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Odd Burger Corporation to open at $0.0850, and during the day (based on 14 day Average True Range), to move between $0.0748 and $0.0952, which gives a possible trading interval of +/-$0.0102 (+/-12.01%) up or down from last closing price. If Odd Burger Corporation takes out the full calculated possible swing range there will be an estimated 24.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0800 (5.88%) than the resistance at $0.0923 (8.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Odd Burger Corporation stock A Buy?

The Odd Burger Corporation stock holds several negative signals and despite the positive trend, we believe Odd Burger Corporation will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.525 Sell Candidate Downgraded

Predicted Opening Price for Odd Burger Corporation of Monday, July 1, 2024

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