Orascom Development Holding AG Stock Forecast
Stronger technical forecast for Orascom Development Holding AG stock price after Friday trading.
(Updated on May 03, 2024)
The Orascom Development Holding AG stock price fell by -1.20% on the last day (Friday, 3rd May 2024) from 4.18 Fr to 4.13 Fr. During the last trading day the stock fluctuated 3.20% from a day low at 4.06 Fr to a day high of 4.19 Fr. The price has fallen in 7 of the last 10 days and is down by -3.95% 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 -66 thousand shares and in total, 2 thousand shares were bought and sold for approximately 8.24 Fr thousand.
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 4.01 Fr is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.67% during the next 3 months and, with a 90% probability hold a price between 3.90 Fr and 4.53 Fr at the end of this 3-month period.
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ODHN.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 0.487%. 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 Orascom Development Holding AG 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 4.19 Fr and 4.36 Fr. A break-up above any of these levels will issue buy signals. 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 Orascom Development Holding AG stock
Orascom Development Holding AG finds support from accumulated volume at 4.11 Fr 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.130 Fr between high and low, or 3.20%. For the last week the stock has had daily average volatility of 3.88%.
Our recommended stop-loss: 3.87 Fr (-6.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (ODHN.SW) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Orascom Development Holding AG to open at 4.13 Fr, and during the day (based on 14 day Average True Range), to move between 3.95 Fr and 4.31 Fr, which gives a possible trading interval of +/-0.184 Fr (+/-4.45%) up or down from last closing price. If Orascom Development Holding AG takes out the full calculated possible swing range there will be an estimated 8.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 4.11 Fr (0.48%) than the resistance at 4.18 Fr (1.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Orascom Development Holding AG stock A Buy?
Orascom Development Holding AG holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.475 Hold/Accumulate Upgraded
Predicted Opening Price for Orascom Development Holding AG of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
4.13 Fr ( 0.0807%) | 4.13 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ODHN.SW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.26 | 3.07 % | |
R2 | 4.21 | 1.86 % | ||
R1 | 4.18 | 1.12 % | ||
Current price: | 4.13 | |||
Support | S1 | 4.08 | -1.28 % | |
S2 | 4.05 | -2.03 % | ||
S3 | 4.00 | -3.23 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.50 | 8.96 % | |
R2 | 4.37 | 5.81 % | ||
R1 | 4.18 | 1.21 % | ||
Current price | 4.13 | |||
Support | S1 | 4.11 | -0.484% | |
S2 | 4.10 | -0.726% | ||
S3 | 0 | . |
ODHN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 27, 2011 | Sep 12, 2011 | Sep 15, 2011 | 0.650 Fr | 3.53% |
2 | Apr 10, 2010 | Aug 19, 2010 | Aug 24, 2010 | 0.615 Fr | 1.19% |
3 | May 04, 2009 | Jul 21, 2009 | Jul 21, 2009 | 0.473 Fr | 0.88% |
FAQ
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