RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ORKLY
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Weaker technical forecast for Orkla ASA as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Orkla ASA stock price fell by -0.688% on the last day (Thursday, 28th Mar 2024) from $7.13 to $7.08. During the last trading day the stock fluctuated 2.16% from a day low at $7.05 to a day high of $7.20. The price has fallen in 6 of the last 10 days and is down by -1.91% 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 -6 thousand shares and in total, 22 thousand shares were bought and sold for approximately $157.83 thousand.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.97% during the next 3 months and, with a 90% probability hold a price between $5.87 and $6.35 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ORKLY Signals & Forecast

There are few to no technical positive signals at the moment. The Orkla ASA 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 $7.12 and $7.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -4.89%. 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). 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 Orkla ASA stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.152 between high and low, or 2.16%. For the last week the stock has had daily average volatility of 1.70%

Orkla ASA is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (ORKLY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Orkla ASA to open at $7.11, and during the day (based on 14 day Average True Range), to move between $6.96 and $7.19, which gives a possible trading interval of +/-$0.113 (+/-1.60%) up or down from last closing price. If Orkla ASA takes out the full calculated possible swing range there will be an estimated 3.20% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $7.21, some $0.134 (1.89%) from the current price of $7.08, our system finds the risk reward not very attractive.

Is Orkla ASA stock A Buy?

Orkla ASA holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Hold/Accumulate to a Sell candidate.

Current score: -1.567 Sell Candidate Downgraded

Predicted Opening Price for Orkla ASA of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$7.11 ( 0.471%) $7.08

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

Trading levels for ORKLY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.26 2.62 %
R2 7.20 1.80 %
R1 7.17 1.29 %
Current price: 7.08
Support S1 7.05 -0.350 %
S2 7.02 -0.86 %
S3 6.96 -1.68 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.95 12.35 %
R2 7.94 12.21 %
R1 7.21 1.89 %
Current price 7.08
Support S1 0 .
S2 0 .
S3 0 .

ORKLY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 19, 2024 Apr 19, 2024 May 13, 2024 $0.399 5.65%
2 Jul 13, 2023 Apr 14, 2023 May 08, 2023 $0.288 3.95%
3 Apr 14, 2022 Apr 21, 2022 May 13, 2022 $0.346 4.47%
4 Apr 15, 2021 Apr 16, 2021 May 06, 2021 $0.326 3.18%
5 May 06, 2020 Apr 17, 2020 May 08, 2020 $0.221 2.67%

FAQ

What is the symbol for Orkla ASA Stock and on which exchange is it traded?
The symbol for Orkla ASA is ORKLY and it is traded on the PINK (Pink Sheets).

Should I buy or sell Orkla ASA Stock?
Orkla ASA holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Hold/Accumulate to a Sell candidate.

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

What's the current price of Orkla ASA Stock?
As of the end of day on the 2024-03-28, the price of an Orkla ASA (ORKLY) share was $7.08.

What is the 52-week high and low for Orkla ASA Stock?
The 52-week high for Orkla ASA Stock is $8.25 and the 52-week low is $6.62.

What is the market capitalization of Orkla ASA Stock?
As of the 2024-03-28, the market capitalization of Orkla ASA is 7.059B.
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About Orkla ASA

Orkla ASA Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery retail trade, as well as the out-of-home, convenience store, and petrol station sectors. It also provides confectionery, biscuit, and snack products; and develops crispbread products, as well as energy snack meals... ORKLY Profile

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