OHB SE Stock Forecast

Red day on Tuesday for OHB SE
(Updated on Jul 02, 2024)

OHB.DE Signals & Forecast

The OHB SE stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 44.03€. On a fall, the stock will find some support from the long-term average at approximately 43.66€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 1.15%. 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. 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. The stock had a Golden Star Signal on Tuesday, May 21, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for OHB SE stock

OHB SE finds support from accumulated volume at 43.90€ 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 0.400€ between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.70%

Our recommended stop-loss: 41.55€ (-5.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (OHB.DE) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect OHB SE to open at 43.87€, and during the day (based on 14 day Average True Range), to move between 43.48€ and 44.52€, which gives a possible trading interval of +/-0.517€ (+/-1.18%) up or down from last closing price. If OHB SE takes out the full calculated possible swing range there will be an estimated 2.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 43.90€ (0.23%) than the resistance at 44.20€ (0.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is OHB SE stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for OHB SE stock to perform well in the short-term period.

Current score: 3.521 Buy Candidate Unchanged

Predicted Opening Price for OHB SE of Wednesday, July 3, 2024

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