Oil Refineries Stock Forecast

Buy or Hold candidate since Jun 01, 2026 Loss -18.84%

The Oil Refineries Ltd. stock price fell by -18.84% on the last day (Wednesday, 3rd Jun 2026) from $0.660 to $0.536. During the last trading day the stock fluctuated 21.39% from a day low at $0.441 to a day high of $0.536. The price has been going up and down for this period, and there has been a -10.73% loss for the last 2 weeks. Volume has increased on the last day by 2 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, 2 thousand shares were bought and sold for approximately $857.04 .

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 38.85% during the next 3 months and, with a 90% probability hold a price between $0.559 and $0.99 at the end of this 3-month period.

OILRF Signals & Forecast

The Oil Refineries Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.490 and $0.525. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 22, 2026, and so far it has fallen -22.37%. 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

On the downside, the stock finds support just below today's level from accumulated volume at $0.490 and $0.423. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Oil Refineries Ltd. finds support just below today's level at $0.490. If this is broken, then the next support from accumulated volume will be at $0.423 and $0.410.

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 $0.0944 between high and low, or 21.39%. For the last week, the stock has had daily average volatility of 17.63%.

Our recommended stop-loss: $0.508 (-5.10%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (OILRF) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect Oil Refineries Ltd. to open at $0.504, and during the day (based on 14 day Average True Range), to move between $0.502 and $0.570, which gives a possible trading interval of +/-$0.0683 (+/-13.62%) up or down from last closing price. If Oil Refineries Ltd. takes out the full calculated possible swing range there will be an estimated 13.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.550 (2.68%) than the support at $0.490 (8.52%), 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.

Is Oil Refineries Ltd. stock A Buy?

Oil Refineries Ltd. 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.

Current score: 0.000 Hold/Accumulate Unchanged

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 Fair Opening Price

Predicted fair opening price on June 4, 2026 - $0.504 ( 5.87%).

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