ORIOR AG Stock Forecast
ORIOR AG stock price ended at 66.10 Fr on Wednesday, after gaining 0.92%.
(Updated on May 08, 2024)
The ORIOR AG stock price gained 0.92% on the last trading day (Wednesday, 8th May 2024), rising from 65.50 Fr to 66.10 Fr. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.52% from a day low at 65.60 Fr to a day high of 66.60 Fr. The price has risen in 7 of the last 10 days and is up by 4.59% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 6 thousand shares were bought and sold for approximately 380.47 Fr thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is 65.64 Fr, a level that may pose a second chance to hit a runner. According to fan-theory 71.28 Fr will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ORON.SW Signals & Forecast
The ORIOR AG 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 65.39 Fr and 63.89 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.26%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for ORIOR AG stock
ORIOR AG finds support from accumulated volume at 65.50 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered 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 1.00 Fr between high and low, or 1.52%. For the last week the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: 63.35 Fr (-4.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (ORON.SW) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect ORIOR AG to open at 66.10 Fr, and during the day (based on 14 day Average True Range), to move between 64.79 Fr and 67.41 Fr, which gives a possible trading interval of +/-1.31 Fr (+/-1.99%) up or down from last closing price. If ORIOR AG takes out the full calculated possible swing range there will be an estimated 3.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 66.20 Fr (0.15%) than the support at 65.50 Fr (0.91%), 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 ORIOR AG stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 2.006 Buy Candidate Unchanged
Predicted Opening Price for ORIOR AG of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 66.10 Fr ( 0%) | 66.10 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ORON.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.10 | 1.51 % | |
| R2 | 66.72 | 0.93 % | ||
| R1 | 66.48 | 0.578 % | ||
| Current price: | 66.10 | |||
| Support | S1 | 65.72 | -0.578 % | |
| S2 | 65.48 | -0.93 % | ||
| S3 | 65.10 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.50 | 0.605 % | |
| R2 | 66.30 | 0.303 % | ||
| R1 | 66.20 | 0.151 % | ||
| Current price | 66.10 | |||
| Support | S1 | 65.50 | -0.91% | |
| S2 | 61.90 | -6.35% | ||
| S3 | 61.70 | -6.66% |
ORON Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2024 | May 27, 2024 | May 29, 2024 | 2.51 Fr | 3.80% |
| 2 | Apr 21, 2023 | Apr 21, 2023 | Apr 25, 2023 | 2.50 Fr | 3.04% |
| 3 | Apr 07, 2022 | Apr 07, 2022 | Apr 11, 2022 | 2.40 Fr | 2.67% |
| 4 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | 2.33 Fr | 2.75% |
| 5 | Feb 26, 2020 | Jun 08, 2020 | Jun 10, 2020 | 2.32 Fr | 3.25% |
FAQ
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