Oil Refineries Stock Forecast

Sell candidate since Jun 22, 2026 Loss -11.57%

The Oil Refineries Ltd. stock price fell by -11.57% on the last day (Tuesday, 23rd Jun 2026) from $0.510 to $0.451. During the last trading day the stock fluctuated 0% from a day low at $0.451 to a day high of $0.451. The price has risen in 4 of the last 10 days but is still down by -15.8% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately $1.18 thousand.

The stock lies in the middle of a very wide and strong 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 14.59% during the next 3 months and, with a 90% probability hold a price between $0.423 and $0.82 at the end of this 3-month period.

OILRF Signals & Forecast

There are few to no technical positive signals at the moment. The Oil Refineries Ltd. 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 $0.466 and $0.534. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 22, 2026, and so far it has fallen -34.64%. 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). Oil Refineries Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Oil Refineries Ltd. stock

Oil Refineries Ltd. finds support from accumulated volume at $0.450 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (OILRF) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Oil Refineries Ltd. to open at $0.451, and during the day (based on 14 day Average True Range), to move between $0.417 and $0.485, which gives a possible trading interval of +/-$0.0673 (+/-16.14%) up or down from last closing price. If Oil Refineries Ltd. takes out the full calculated possible swing range there will be an estimated 16.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.450 (0.22%) than the resistance at $0.490 (8.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Oil Refineries Ltd. stock A Buy?

The Oil Refineries Ltd. stock holds several negative signals and despite the positive trend, we believe Oil Refineries Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.188 Strong Sell Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on June 24, 2026 - $0.451 ( 0%).

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