Omega Healthcare Investors Inc 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
Omega Healthcare Investors Inc stock upgraded to Hold/Accumulate.
(Updated on May 01, 2024)
The Omega Healthcare Investors Inc stock price gained 0.92% on the last trading day (Wednesday, 1st May 2024), rising from $30.41 to $30.69. During the last trading day the stock fluctuated 2.34% from a day low at $30.26 to a day high of $30.97. The price has risen in 6 of the last 10 days and is up by 2.44% over the past 2 weeks. Volume fell on the last day by -340 thousand shares and in total, 983 thousand shares were bought and sold for approximately $30.17 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 lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.36% during the next 3 months and, with a 90% probability hold a price between $29.33 and $32.96 at the end of this 3-month period.
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OHI Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Omega Healthcare Investors Inc 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 $30.75 and $30.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -4.06%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Omega Healthcare Investors Inc stock
Omega Healthcare Investors Inc finds support from accumulated volume at $29.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.710 (2.34%) between high and low. For the last week, the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: $29.54 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (OHI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Omega Healthcare Investors Inc to open at $30.64, and during the day (based on 14 day Average True Range), to move between $30.14 and $31.24, which gives a possible trading interval of +/-$0.552 (+/-1.80%) up or down from last closing price. If Omega Healthcare Investors Inc takes out the full calculated possible swing range there will be an estimated 3.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $30.81 (0.39%) than the support at $29.91 (2.54%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Omega Healthcare Investors Inc will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.650. We will update the financials statements for Omega Healthcare Investors Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.50% in the first trading day after earnings release.
Is Omega Healthcare Investors Inc stock A Buy?
Omega Healthcare Investors Inc 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: -0.839 Hold/Accumulate Upgraded
Predicted Opening Price for Omega Healthcare Investors Inc of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$30.64 ( 0.162%) | $30.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OHI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 31.35 | 2.15 % | |
R2 | 31.08 | 1.27 % | ||
R1 | 30.91 | 0.721 % | ||
Current price: | 30.69 | |||
Support | S1 | 30.37 | -1.05 % | |
S2 | 30.20 | -1.59 % | ||
S3 | 29.93 | -2.47 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.94 | 0.81 % | |
R2 | 30.83 | 0.456 % | ||
R1 | 30.81 | 0.391 % | ||
Current price | 30.69 | |||
Support | S1 | 29.91 | -2.54% | |
S2 | 28.20 | -8.11% | ||
S3 | 28.09 | -8.47% |
OHI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 29, 2024 | May 15, 2024 | $0.670 | 2.18% |
2 | Jan 26, 2024 | Feb 02, 2024 | Feb 15, 2024 | $0.670 | 2.18% |
3 | Oct 20, 2023 | Oct 30, 2023 | Nov 15, 2023 | $0.670 | 2.13% |
4 | Jul 20, 2023 | Jul 28, 2023 | Aug 15, 2023 | $0.670 | 2.15% |
5 | Apr 20, 2023 | Apr 28, 2023 | Aug 15, 2023 | $0.670 | 2.15% |
FAQ
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