Orascom Development Holding AG Stock Forecast
Volatile ride for Orascom Development Holding AG stock price on Tuesday moving between 3.90 Fr and 4.40 Fr
(Updated on Jul 02, 2024)
The Orascom Development Holding AG stock price gained 6.28% on the last trading day (Tuesday, 2nd Jul 2024), rising from 3.98 Fr to 4.23 Fr. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 12.82% from a day low at 3.90 Fr to a day high of 4.40 Fr. The price has been going up and down for this period, and there has been a 3.17% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 40 thousand more shares were traded than the day before. In total, 43 thousand shares were bought and sold for approximately 180.08 Fr thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 4.25 Fr will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.67% during the next 3 months and, with a 90% probability hold a price between 3.37 Fr and 3.84 Fr at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ODHN.SW Signals & Forecast
The Orascom Development Holding AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 3.94 Fr and 4.11 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 12.80%. Further rise is indicated until a new top pivot has been found. Orascom Development Holding AG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Orascom Development Holding AG stock
Orascom Development Holding AG finds support from accumulated volume at 4.18 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.500 Fr between high and low, or 12.82%. For the last week, the stock has had daily average volatility of 10.16%.
Our recommended stop-loss: 4.06 Fr (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (ODHN.SW) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Orascom Development Holding AG to open at 4.18 Fr, and during the day (based on 14 day Average True Range), to move between 4.05 Fr and 4.41 Fr, which gives a possible trading interval of +/-0.184 Fr (+/-4.35%) 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 8.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 4.18 Fr (1.18%) than the resistance at 4.30 Fr (1.65%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.018 Buy Candidate Upgraded
Predicted Opening Price for Orascom Development Holding AG of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
4.18 Fr ( 1.26%) | 4.23 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 | |
---|---|---|
R3 | 4.68 | 10.56% |
R2 | 4.49 | 6.04% |
R1 | 4.37 | 3.25% |
Price | 4.23 | |
S1 | 3.99 | -5.78% |
S2 | 3.87 | -8.57% |
S3 | 3.68 | -13.08% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.38 | 3.55% |
R2 | 4.33 | 2.36% |
R1 | 4.30 | 1.65% |
Price | 4.23 | |
S1 | 4.18 | -1.18% |
S2 | 4.01 | -5.20% |
S3 | 3.84 | -9.22% |
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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