Orascom Development Holding AG Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Orascom Development Holding AG
(Updated on May 17, 2024)
No changes to the price of Orascom Development Holding AG stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 1.42% from a day low at 4.24 Fr to a day high of 4.30 Fr. The price has fallen in 5 of the last 10 days but is still up by 1.44% over the past 2 weeks.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Orascom Development Holding AG stock with a 90% probability to be traded between 4.02 Fr and 4.58 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ODHN.SW Signals & Forecast
There are mixed signals in the stock today. 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 4.27 Fr and 4.35 Fr. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 3.16%. 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).
Support, Risk & Stop-loss for Orascom Development Holding AG stock
Orascom Development Holding AG finds support from accumulated volume at 4.23 Fr 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.0600 Fr between high and low, or 1.42%. For the last week the stock has had daily average volatility of 2.64%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ODHN.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Orascom Development Holding AG to open at 4.26 Fr, and during the day (based on 14 day Average True Range), to move between 4.06 Fr and 4.42 Fr, which gives a possible trading interval of +/-0.179 Fr (+/-4.22%) 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 8.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 4.23 Fr (0.24%) than the resistance at 4.33 Fr (2.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Orascom Development Holding AG will release earnings BMO on Tuesday, May 21, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.210. We will update the financials statements for Orascom Development Holding AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.48% in the first trading day after earnings release.
Is Orascom Development Holding AG stock A Buy?
Orascom Development Holding AG 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: -2.384 Sell Candidate Unchanged
Predicted Opening Price for Orascom Development Holding AG of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
4.26 Fr ( 0.472%) | 4.24 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 | 4.32 | 1.89 % | |
R2 | 4.30 | 1.35 % | ||
R1 | 4.28 | 1.01 % | ||
Current price: | 4.24 | |||
Support | S1 | 4.24 | -0.0689 % | |
S2 | 4.22 | -0.403 % | ||
S3 | 4.20 | -0.94 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.50 | 6.13 % | |
R2 | 4.37 | 3.07 % | ||
R1 | 4.33 | 2.12 % | ||
Current price | 4.24 | |||
Support | S1 | 4.23 | -0.236% | |
S2 | 4.20 | -0.94% | ||
S3 | 4.18 | -1.42% |
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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