Oscar Properties Holding AB (publ) Stock Forecast
Red day on Friday for Oscar Properties Holding AB (publ)
(Updated on May 03, 2024)
The Oscar Properties Holding AB (publ) stock price fell by -0.181% on the last day (Friday, 3rd May 2024) from kr0.276 to kr0.275. During the last trading day the stock fluctuated 9.31% from a day low at kr0.274 to a day high of kr0.300. The price has fallen in 6 of the last 10 days and is down by -38.68% for this period. 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 -2 million shares and in total, 1 million shares were bought and sold for approximately kr338.69 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr0.224 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.08% during the next 3 months and, with a 90% probability hold a price between kr0.247 and kr1.25 at the end of this 3-month period.
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OP.ST Signals & Forecast
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. The Oscar Properties Holding AB (publ) 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 kr0.285 and kr0.554. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -74.54%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Oscar Properties Holding AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr0.254 and kr0.241. 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, Oscar Properties Holding AB (publ) finds support just below today's level at kr0.254. If this is broken, then the next support from accumulated volume will be at kr0.241 and kr0.218.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved kr0.0255 between high and low, or 9.31%. For the last week the stock has had daily average volatility of 49.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OP.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Oscar Properties Holding AB (publ) to open at kr0.283, and during the day (based on 14 day Average True Range), to move between kr0.176 and kr0.374, which gives a possible trading interval of +/-kr0.0992 (+/-36.08%) up or down from last closing price. If Oscar Properties Holding AB (publ) takes out the full calculated possible swing range there will be an estimated 72.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr0.276 (0.18%) than the support at kr0.254 (7.82%), 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.
Earnings coming up
Oscar Properties Holding AB (publ) will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Oscar Properties Holding AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 16.42% in the first trading day after earnings release.
Is Oscar Properties Holding AB (publ) stock A Buy?
The Oscar Properties Holding AB (publ) stock holds several negative signals and despite the positive trend, we believe Oscar Properties Holding AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.761 Sell Candidate Unchanged
Predicted Opening Price for Oscar Properties Holding AB (publ) of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr0.283 ( 2.85%) | kr0.275 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OP.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.308 | 12.12 % | |
| R2 | 0.299 | 8.58 % | ||
| R1 | 0.293 | 6.39 % | ||
| Current price: | 0.275 | |||
| Support | S1 | 0.273 | -0.694 % | |
| S2 | 0.267 | -2.88 % | ||
| S3 | 0.257 | -6.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.290 | 5.27 % | |
| R2 | 0.279 | 1.45 % | ||
| R1 | 0.276 | 0.182 % | ||
| Current price | 0.275 | |||
| Support | S1 | 0.254 | -7.82% | |
| S2 | 0.241 | -12.55% | ||
| S3 | 0.218 | -20.91% |
OP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 27, 2017 | Nov 27, 2017 | Nov 27, 2017 | kr6.12 | 2.31% |
| 2 | May 26, 2017 | May 26, 2017 | May 26, 2017 | kr6.12 | 0.92% |
| 3 | Apr 21, 2016 | Apr 21, 2016 | Apr 21, 2016 | kr2.45 | 0.502% |
FAQ
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