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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of OLLI
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Ollie stock price up 0.553% on Friday
(Updated on Jun 21, 2024)

Buy or Hold candidate since May 28, 2024 Gain 24.52% PDF

The Ollie stock price gained 0.553% on the last trading day (Friday, 21st Jun 2024), rising from $97.73 to $98.27. During the last trading day the stock fluctuated 2.16% from a day low at $96.55 to a day high of $98.64. The price has risen in 7 of the last 10 days and is up by 16.5% over the past 2 weeks. Volume fell on the last day by -575 thousand shares and in total, 1 million shares were bought and sold for approximately $104.62 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 upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $98.58 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 20.51% during the next 3 months and, with a 90% probability hold a price between $100.43 and $118.80 at the end of this 3-month period.

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OLLI Signals & Forecast

Mostly positive signals in the chart today. The Ollie stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $92.57 and $81.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 43.56%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Ollie stock

Ollie finds support from accumulated volume at $95.98 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.09 between high and low, or 2.16%. For the last week, the stock has had daily average volatility of 4.47%.

Our recommended stop-loss: $95.30 (-3.02%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 82 days ago.)

Trading Expectations (OLLI) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Ollie to open at $97.82, and during the day (based on 14 day Average True Range), to move between $95.09 and $101.45, which gives a possible trading interval of +/-$3.18 (+/-3.23%) up or down from last closing price. If Ollie takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $95.98, some $2.29 (2.33%) from the current price of $98.27, our system finds the risk reward attractive.

Is Ollie stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ollie stock to perform well in the short-term.

Current score: 4.459 Buy Candidate Unchanged

Predicted Opening Price for Ollie of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$97.82 ( 0.458%) $98.27

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

Trading levels for OLLI

Fibonacci Support & Resistance Levels

Level Price
R3 99.91 1.67%
R2 99.11 0.86%
R1 98.62 0.355%
Price 98.27
S1 97.02 -1.27%
S2 96.53 -1.77%
S3 95.73 -2.58%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 98.27
S1 95.98 -2.33%
S2 89.83 -8.59%
S3 87.71 -10.75%

FAQ

What is the symbol for Ollie Stock and on which exchange is it traded?
The symbol for Ollie is OLLI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ollie Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ollie stock to perform well in the short-term.

How to buy Ollie Stock?
Ollie Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ollie Stock.

What's the current price of Ollie Stock?
As of the end of day on the Jun 21, 2024, the price of an Ollie (OLLI) share was $98.27.

What is the 52-week high and low for Ollie Stock?
The 52-week high for Ollie Stock is $100.44 and the 52-week low is $57.31.

What is the market capitalization of Ollie Stock?
As of the Jun 21, 2024, the market capitalization of Ollie is 6.015B.

When is the next earnings date for Ollie?
The upcoming earnings date for Ollie is Aug 29, 2024.
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About Ollie

Ollie Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products. It provides its products primarily under the Ollie's, Ollie's Bargain Outlet, Good Stuff Cheap, Ollie's Army, Real Br... OLLI Profile

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