RSI low/high Values: [ 25 - 75 ]
* 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 down 1.79% on Monday
(Updated on Feb 26, 2024)

Buy candidate since Feb 20, 2024 Gain 1.69% PDF
The Ollie stock price fell by -1.79% on the last day (Monday, 26th Feb 2024) from $82.66 to $81.18. During the last trading day the stock fluctuated 4.02% from a day low at $81.12 to a day high of $84.38. The price has been going up and down for this period, and there has been a 6.1% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -471 thousand shares and in total, 548 thousand shares were bought and sold for approximately $44.49 million.

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The stock lies in the upper part of a wide and weak 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 $82.74 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.88% during the next 3 months and, with a 90% probability hold a price between $76.57 and $87.60 at the end of this 3-month period.

OLLI Signals & Forecast

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 $79.81 and $74.95. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, February 23, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Support, Risk & Stop-loss for Ollie stock

On the downside, the stock finds support just below today's level from accumulated volume at $76.36 and $73.08. 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, Ollie finds support just below today's level at $76.36. If this is broken, then the next support from accumulated volume will be at $73.08 and $68.78.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.26 between high and low, or 4.02%. For the last week, the stock has had daily average volatility of 3.42%.

Our recommended stop-loss: $77.75 (-4.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (OLLI) For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect Ollie to open at $82.23, and during the day (based on 14 day Average True Range), to move between $78.73 and $83.63, which gives a possible trading interval of +/-$2.45 (+/-3.02%) up or down from last closing price. If Ollie takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $82.66 (1.82%) than the support at $76.36 (5.94%), 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 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: 2.934 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for Ollie of Tuesday, February 27, 2024

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

Fair opening price February 27, 2024 Current price
$82.23 ( 1.29%) $81.18

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 85.49 5.31 %
R2 84.24 3.77 %
R1 83.47 2.82 %
Current price: 81.18
Support S1 80.98 -0.245 %
S2 80.21 -1.19 %
S3 78.97 -2.73 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 82.66 1.82 %
Current price 81.18
Support S1 76.36 -5.94%
S2 73.08 -9.98%
S3 68.78 -15.27%
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 2024-02-26, the price of an Ollie (OLLI) share was $81.18.

What is the 52-week high and low for Ollie Stock?
The 52-week high for Ollie Stock is $84.38 and the 52-week low is $50.95.

What is the market capitalization of Ollie Stock?
As of the 2024-02-26, the market capitalization of Ollie is 5B.

When is the next earnings date for Ollie?
The upcoming earnings date for Ollie is Mar 27, 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

Top Fintech Company featured in The Global Fintech Index 2020 as the top Fintech company of the country.

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