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RSI low/high Values: [ 25 - 85 ]
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AI Analysis of OP
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OceanPal Inc. stock downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Apr 17, 2024)

Sell candidate since Apr 17, 2024 PDF

The OceanPal Inc. stock price fell by -0.787% on the last day (Wednesday, 17th Apr 2024) from $2.54 to $2.52. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 8.33% from a day low at $2.52 to a day high of $2.73. The price has fallen in 8 of the last 10 days and is down by -16.83% for this period. Volume has increased on the last day by 5 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, 10 thousand shares were bought and sold for approximately $26.18 thousand.

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 16.73% during the next 3 months and, with a 90% probability hold a price between $2.43 and $3.62 at the end of this 3-month period.

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OP Signals & Forecast

There are few to no technical positive signals at the moment. The OceanPal Inc. 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 $2.66 and $2.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -16.83%. 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). OceanPal Inc. 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 OceanPal Inc. stock

OceanPal Inc. finds support from accumulated volume at $2.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.210 between high and low, or 8.33%. For the last week, the stock has had daily average volatility of 6.05%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (OP) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect OceanPal Inc. to open at $2.59, and during the day (based on 14 day Average True Range), to move between $2.37 and $2.67, which gives a possible trading interval of +/-$0.150 (+/-5.95%) up or down from last closing price. If OceanPal Inc. takes out the full calculated possible swing range there will be an estimated 11.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.47 (1.98%) than the resistance at $2.75 (9.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is OceanPal Inc. stock A Buy?

The OceanPal Inc. stock holds several negative signals and despite the positive trend, we believe OceanPal Inc. 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: -3.210 Sell Candidate Downgraded

Predicted Opening Price for OceanPal Inc. of Thursday, April 18, 2024

Fair opening price April 18, 2024 Current price
$2.59 ( 2.78%) $2.52

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

Trading levels for OP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.80 11.11 %
R2 2.72 7.93 %
R1 2.67 5.96 %
Current price: 2.52
Support S1 2.51 -0.406 %
S2 2.46 -2.37 %
S3 2.38 -5.56 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.03 20.24 %
R2 2.93 16.27 %
R1 2.75 9.13 %
Current price 2.52
Support S1 2.47 -1.98%
S2 2.30 -8.73%
S3 1.90 -24.60%

OP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 03, 2022 Aug 11, 2022 Aug 31, 2022 $1.00 0.119%
2 Jun 06, 2022 Jun 13, 2022 Jun 21, 2022 $1.00 0.107%
3 Mar 23, 2022 Mar 31, 2022 Apr 11, 2022 $5.00 0.446%

FAQ

What is the symbol for OceanPal Inc. Stock and on which exchange is it traded?
The symbol for OceanPal Inc. is OP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell OceanPal Inc. Stock?
The OceanPal Inc. stock holds several negative signals and despite the positive trend, we believe OceanPal Inc. 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.

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

What's the current price of OceanPal Inc. Stock?
As of the end of day on the 2024-04-17, the price of an OceanPal Inc. (OP) share was $2.52.

What is the 52-week high and low for OceanPal Inc. Stock?
The 52-week high for OceanPal Inc. Stock is $4.14 and the 52-week low is $0.173.

What is the market capitalization of OceanPal Inc. Stock?
As of the 2024-04-17, the market capitalization of OceanPal Inc. is 18.77M.
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About OceanPal Inc.

OceanPal. Oscar Properties Holding AB (publ) purchases, develops, manages, and sells real estate properties in Stockholm. Its property portfolio includes warehouses, offices, industrial, retail, and residential units. The company was founded in 2004 and is based in Stockholm, Sweden.... OP Profile

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