OMV Aktiengesellschaft Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
OMV Aktiengesellschaft stock downgraded to Sell Candidate
(Updated on Jun 04, 2024)
The OMV Aktiengesellschaft stock price fell by -2.46% on the last day (Tuesday, 4th Jun 2024) from 46.30€ to 45.16€. During the last trading day the stock fluctuated 3.44% from a day low at 44.72€ to a day high of 46.26€. The price has fallen in 6 of the last 10 days and is down by -6.54% for this period. Volume has increased on the last day by 990 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, 27 thousand shares were bought and sold for approximately 1.22€ million.
Given the current short-term trend, the stock is expected to rise 13.74% during the next 3 months and, with a 90% probability hold a price between 51.37€ and 56.05€ at the end of this 3-month period.
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OMV.DE Signals & Forecast
There are few to no technical positive signals at the moment. The OMV Aktiengesellschaft stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 45.91€ and 45.42€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -6.54%. 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). OMV Aktiengesellschaft 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".
Support, Risk & Stop-loss for OMV Aktiengesellschaft stock
OMV Aktiengesellschaft finds support from accumulated volume at 44.84€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.54€ between high and low, or 3.44%. For the last week the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OMV.DE) For The Upcoming Trading Day Of Wednesday 5th
For the upcoming trading day on Wednesday, 5th we expect OMV Aktiengesellschaft to open at 45.38€, and during the day (based on 14 day Average True Range), to move between 44.20€ and 46.12€, which gives a possible trading interval of +/-0.96€ (+/-2.12%) up or down from last closing price. If OMV Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 4.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 44.84€ (0.71%) than the resistance at 45.64€ (1.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is OMV Aktiengesellschaft stock A Buy?
The OMV Aktiengesellschaft stock holds several negative signals and despite the positive trend, we believe OMV Aktiengesellschaft 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 Buy to a Sell candidate.
Current score: -4.503 Sell Candidate Downgraded
Predicted Opening Price for OMV Aktiengesellschaft of Wednesday, June 5, 2024
| Fair opening price June 5, 2024 | Current price |
|---|---|
| 45.38€ ( 0.487%) | 45.16€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OMV.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.92 | 3.90 % | |
| R2 | 46.33 | 2.59 % | ||
| R1 | 45.97 | 1.79 % | ||
| Current price: | 45.16 | |||
| Support | S1 | 44.79 | -0.82 % | |
| S2 | 44.43 | -1.62 % | ||
| S3 | 43.84 | -2.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.32 | 7.00 % | |
| R2 | 46.30 | 2.52 % | ||
| R1 | 45.64 | 1.06 % | ||
| Current price | 45.16 | |||
| Support | S1 | 44.84 | -0.709% | |
| S2 | 44.52 | -1.42% | ||
| S3 | 44.10 | -2.35% |
OMV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 10, 2024 | 5.05€ | 10.99% |
| 2 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | 2.25€ | 5.70% |
| 3 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | 2.30€ | 4.66% |
| 4 | Jun 09, 2021 | Jun 09, 2021 | Jun 09, 2021 | 1.85€ | 3.70% |
| 5 | Oct 06, 2020 | Oct 06, 2020 | Oct 06, 2020 | 1.75€ | 7.80% |
FAQ
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