Orion Oyj Stock Forecast
Red day on Thursday for Orion Oyj stock after losing 0.307%
(Updated on May 02, 2024)
The Orion Oyj stock price fell by -0.307% on the last day (Thursday, 2nd May 2024) from 35.79€ to 35.68€. During the last trading day the stock fluctuated 1.32% from a day low at 35.54€ to a day high of 36.01€. The price has risen in 6 of the last 10 days and is up by 10.33% over the past 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 -6 thousand shares and in total, 233 thousand shares were bought and sold for approximately 8.32€ million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 36.04€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -19.48% during the next 3 months and, with a 90% probability hold a price between 24.93€ and 29.02€ 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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ORNBV.HE Signals & Forecast
The Orion Oyj stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 35.04€ and 34.11€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 10.57%. Further rise is indicated until a new top pivot has been found. 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. 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 35.48€ 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 0.470€ between high and low, or 1.32%. For the last week, the stock has had daily average volatility of 3.93%.
Our recommended stop-loss: 34.41€ (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (ORNBV.HE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Orion Oyj to open at 35.74€, and during the day (based on 14 day Average True Range), to move between 34.87€ and 36.49€, which gives a possible trading interval of +/-0.81€ (+/-2.27%) up or down from last closing price. If Orion Oyj takes out the full calculated possible swing range there will be an estimated 4.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 35.85€ (0.48%) than the support at 35.48€ (0.56%), 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.
Is Orion Oyj stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.645 Buy Candidate Unchanged
Predicted Opening Price for Orion Oyj of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 35.74€ ( 0.178%) | 35.68€ |
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 | 36.21 | 1.49 % | |
| R2 | 36.03 | 0.99 % | ||
| R1 | 35.92 | 0.681 % | ||
| Current price: | 35.68 | |||
| Support | S1 | 35.56 | -0.326 % | |
| S2 | 35.45 | -0.637 % | ||
| S3 | 35.27 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.05 | 12.25 % | |
| R2 | 36.40 | 2.02 % | ||
| R1 | 35.85 | 0.476 % | ||
| Current price | 35.68 | |||
| Support | S1 | 35.48 | -0.561% | |
| S2 | 35.39 | -0.81% | ||
| S3 | 33.00 | -7.51% |
ORNBV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 15, 2024 | Oct 15, 2024 | Oct 23, 2024 | 0.81€ | 2.27% |
| 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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