Ollie Stock Forecast

OLLI Signals & Forecast

The Ollie 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 $76.02 and $76.63. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, November 30, 2023, and so far it has risen 2.05%. Further rise is indicated until a new top pivot has been found. 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.

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Support, Risk & Stop-loss for Ollie stock

Ollie finds support from accumulated volume at $72.90 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 $3.22 (4.50%) between high and low. For the last week, the stock has had daily average volatility of 3.26%.

Our recommended stop-loss: $71.06 (-4.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (OLLI) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect Ollie to open at $73.73, and during the day (based on 14 day Average True Range), to move between $72.52 and $77.02, which gives a possible trading interval of +/-$2.25 (+/-3.01%) up or down from last closing price. If Ollie takes out the full calculated possible swing range there will be an estimated 6.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $74.83 (0.08%) than the support at $72.90 (2.50%), 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 Ollie stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.847 Open Broker Account

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