Orion Oyj Stock Forecast
Weaker technical forecast for Orion Oyj as stock downgraded to Sell Candidate.
(Updated on Apr 15, 2024)
The Orion Oyj stock price fell by -0.364% on the last day (Monday, 15th Apr 2024) from 33.00€ to 32.88€. During the last trading day the stock fluctuated 1.59% from a day low at 32.78€ to a day high of 33.30€. The price has fallen in 7 of the last 10 days and is down by -4.89% 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 -4 thousand shares and in total, 209 thousand shares were bought and sold for approximately 6.87€ million.
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 -28.00% during the next 3 months and, with a 90% probability hold a price between 22.46€ and 24.17€ 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.
ORNBV.HE Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 0.581%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Orion Oyj 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 32.92€ and 35.00€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Orion Oyj stock
Orion Oyj finds support from accumulated volume at 32.70€ 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 0.520€ between high and low, or 1.59%. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ORNBV.HE) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Orion Oyj to open at 32.99€, and during the day (based on 14 day Average True Range), to move between 32.22€ and 33.54€, which gives a possible trading interval of +/-0.664€ (+/-2.02%) up or down from last closing price. If Orion Oyj takes out the full calculated possible swing range there will be an estimated 4.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 32.70€ (0.55%) than the resistance at 35.48€ (7.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Orion Oyj stock A Buy?
Orion Oyj 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: -1.341 Sell Candidate Downgraded
Predicted Opening Price for Orion Oyj of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| 32.99€ ( 0.324%) | 32.88€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ORNBV.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.51 | 1.91 % | |
| R2 | 33.31 | 1.30 % | ||
| R1 | 33.19 | 0.93 % | ||
| Current price: | 32.88 | |||
| Support | S1 | 32.79 | -0.280 % | |
| S2 | 32.67 | -0.653 % | ||
| S3 | 32.47 | -1.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.05 | 21.81 % | |
| R2 | 36.40 | 10.71 % | ||
| R1 | 35.48 | 7.91 % | ||
| Current price | 32.88 | |||
| Support | S1 | 32.70 | -0.547% | |
| S2 | 32.69 | -0.578% | ||
| S3 | 0 | . |
ORNBV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 15, 2024 | Oct 15, 2024 | Oct 23, 2024 | 0.81€ | 2.46% |
| 2 | Mar 21, 2024 | Mar 21, 2024 | Mar 21, 2024 | 0€ | 0% |
| 3 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | 1.60€ | 3.85% |
| 4 | Mar 24, 2022 | Mar 24, 2022 | Mar 24, 2022 | 1.50€ | 3.71% |
| 5 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | 1.50€ | 4.42% |
FAQ
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