Opera Limited Stock Forecast
Opera Limited stock price down 2.86% on Friday
(Updated on May 17, 2024)
The Opera Limited stock price fell by -2.86% on the last day (Friday, 17th May 2024) from $13.64 to $13.25. During the last trading day the stock fluctuated 4.26% from a day low at $13.16 to a day high of $13.72. The price has been going up and down for this period, and there has been a -3.85% loss 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 -84 thousand shares and in total, 454 thousand shares were bought and sold for approximately $6.01 million.
The stock lies in the middle of a very wide and weak 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 4.83% during the next 3 months and, with a 90% probability hold a price between $11.87 and $17.99 at the end of this 3-month period.
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OPRA 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 Opera Limited 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 $13.77 and $14.29. 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 -20.04%. 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.
Support, Risk & Stop-loss for Opera Limited stock
Opera Limited finds support from accumulated volume at $12.83 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 $0.560 between high and low, or 4.26%. For the last week, the stock has had daily average volatility of 3.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OPRA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Opera Limited to open at $13.38, and during the day (based on 14 day Average True Range), to move between $12.61 and $13.89, which gives a possible trading interval of +/-$0.642 (+/-4.84%) up or down from last closing price. If Opera Limited takes out the full calculated possible swing range there will be an estimated 9.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.83 (3.17%) than the resistance at $14.10 (6.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Opera Limited stock A Buy?
The Opera Limited stock holds several negative signals and despite the positive trend, we believe Opera Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.228 Sell Candidate Unchanged
Predicted Opening Price for Opera Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$13.38 ( 0.96%) | $13.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OPRA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.94 | 5.18 % | |
R2 | 13.72 | 3.57 % | ||
R1 | 13.59 | 2.57 % | ||
Current price: | 13.25 | |||
Support | S1 | 13.16 | -0.659 % | |
S2 | 13.03 | -1.66 % | ||
S3 | 12.82 | -3.27 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.34 | 23.28 % | |
R2 | 15.61 | 17.81 % | ||
R1 | 14.10 | 6.42 % | ||
Current price | 13.25 | |||
Support | S1 | 12.83 | -3.17% | |
S2 | 12.18 | -8.08% | ||
S3 | 11.63 | -12.26% |
OPRA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 12, 2023 | Jan 02, 2024 | Jan 09, 2024 | $0.400 | 3.31% |
2 | Jun 14, 2023 | Jun 29, 2023 | Jul 12, 2023 | $0.400 | 1.53% |
3 | May 10, 2023 | Jan 27, 2023 | Feb 09, 2023 | $0.80 | 11.02% |
FAQ
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