OC Oerlikon Corporation AG Stock Forecast
High volatility in OC Oerlikon Corporation AG stock price on Wednesday which ended trading at 4.84 Fr
(Updated on May 08, 2024)
The OC Oerlikon Corporation AG stock price gained 2.94% on the last trading day (Wednesday, 8th May 2024), rising from 4.70 Fr to 4.84 Fr. It has now gained 4 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 13.84% from a day low at 4.25 Fr to a day high of 4.84 Fr. The price has risen in 6 of the last 10 days and is up by 23.36% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 714 thousand shares were bought and sold for approximately 3.45 Fr million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 4.50 Fr is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach 5.16 Fr sometime during the next 3 months.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
OERL.SW Signals & Forecast
The OC Oerlikon Corporation AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 4.27 Fr and 4.04 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 25.99%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for OC Oerlikon Corporation AG stock
OC Oerlikon Corporation AG finds support from accumulated volume at 4.70 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 0.588 Fr between high and low, or 13.84%. For the last week, the stock has had daily average volatility of 7.43%.
The OC Oerlikon Corporation AG stock is extremely overbought on RSI14 (93). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: 4.71 Fr (-2.64%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 93 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (OERL.SW) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect OC Oerlikon Corporation AG to open at 4.64 Fr, and during the day (based on 14 day Average True Range), to move between 4.66 Fr and 5.01 Fr, which gives a possible trading interval of +/-0.174 Fr (+/-3.60%) up or down from last closing price. If OC Oerlikon Corporation AG takes out the full calculated possible swing range there will be an estimated 7.20% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 4.70 Fr, some 0.138 Fr (2.85%) from the current price of 4.84 Fr, our system finds the risk reward attractive.
Is OC Oerlikon Corporation AG stock A Buy?
OC Oerlikon Corporation AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for OC Oerlikon Corporation AG of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
4.64 Fr ( 4.05%) | 4.84 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OERL.SW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.23 | 8.10 % | |
R2 | 5.01 | 3.46 % | ||
R1 | 4.87 | 0.591 % | ||
Current price: | 4.84 | |||
Support | S1 | 4.42 | -8.69 % | |
S2 | 4.28 | -11.56 % | ||
S3 | 4.05 | -16.21 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 4.84 | |||
Support | S1 | 4.70 | -2.85% | |
S2 | 4.51 | -6.86% | ||
S3 | 4.17 | -13.72% |
OERL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 25, 2024 | Mar 25, 2024 | Mar 25, 2024 | 0 Fr | 0% |
2 | Mar 23, 2023 | Mar 23, 2023 | Mar 27, 2023 | 0.350 Fr | 6.96% |
3 | Apr 07, 2022 | Apr 07, 2022 | Apr 07, 2022 | 0.350 Fr | 5.15% |
4 | Apr 15, 2021 | Apr 15, 2021 | Apr 15, 2021 | 0.350 Fr | 3.27% |
5 | Mar 03, 2020 | Apr 09, 2020 | Apr 15, 2020 | 0.650 Fr | 9.46% |
FAQ
Click here for our free guide on how to buy OC Oerlikon Corporation AG Stock.