ORIOR AG Stock Forecast
ORIOR AG stock price ended at 67.50 Fr on Friday, after losing 0.295%.
(Updated on May 17, 2024)
The ORIOR AG stock price fell by -0.295% on the last day (Friday, 17th May 2024) from 67.70 Fr to 67.50 Fr. During the last trading day the stock fluctuated 1.34% from a day low at 67.10 Fr to a day high of 68.00 Fr. The price has risen in 8 of the last 10 days and is up by 3.85% over the past 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 thousand shares were bought and sold for approximately 632.14 Fr thousand.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 67.70 Fr will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect ORIOR AG stock with a 90% probability to be traded between 60.86 Fr and 68.00 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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 66.90 Fr and 64.63 Fr. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.295%. Further fall is indicated until a new bottom pivot has been found. ORIOR AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
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.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.90 Fr (1.34%) between high and low. For the last week, the stock has had daily average volatility of 1.62%.
The ORIOR AG stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: 65.88 Fr (-2.41%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (ORON.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect ORIOR AG to open at 67.53 Fr, and during the day (based on 14 day Average True Range), to move between 66.28 Fr and 68.72 Fr, which gives a possible trading interval of +/-1.22 Fr (+/-1.81%) up or down from last closing price. If ORIOR AG takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 67.70 Fr (0.30%) than the support at 65.50 Fr (2.96%), 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.
Earnings coming up
ORIOR AG will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for ORIOR AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.38% in the first trading day after earnings release.
Is ORIOR AG stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for ORIOR AG stock to perform well in the short-term period.
Current score: 1.739 Buy Candidate Unchanged
Predicted Opening Price for ORIOR AG of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
67.53 Fr ( 0.0494%) | 67.50 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 | 68.43 | 1.38 % | |
R2 | 68.09 | 0.87 % | ||
R1 | 67.88 | 0.559 % | ||
Current price: | 67.50 | |||
Support | S1 | 67.19 | -0.460 % | |
S2 | 66.98 | -0.775 % | ||
S3 | 66.63 | -1.28 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 67.70 | 0.296 % | ||
Current price | 67.50 | |||
Support | S1 | 65.50 | -2.96% | |
S2 | 61.90 | -8.30% | ||
S3 | 61.70 | -8.59% |
ORON Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 27, 2024 | May 27, 2024 | May 29, 2024 | 2.51 Fr | 3.74% |
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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