Orsero S.p.A. Stock Forecast
Orsero S.p.A. stock price ended at 12.48€ on Tuesday, after losing 0.95%.
(Updated on Jul 02, 2024)
The Orsero S.p.A. stock price fell by -0.95% on the last day (Tuesday, 2nd Jul 2024) from 12.60€ to 12.48€. During the last trading day the stock fluctuated 2.28% from a day low at 12.30€ to a day high of 12.58€. The price has risen in 6 of the last 10 days but is still down by -0.79% for this period. Volume has increased on the last day by 16 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, 36 thousand shares were bought and sold for approximately 444.08€ thousand.
The stock lies in the middle of a wide and 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 -13.29% during the next 3 months and, with a 90% probability hold a price between 10.35€ and 11.47€ 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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ORS.MI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.63%. 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. The Orsero S.p.A. 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 12.49€ and 12.78€. A break-up above any of these levels will issue buy signals. Orsero S.p.A. 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 Orsero S.p.A. stock
Orsero S.p.A. finds support from accumulated volume at 12.40€ 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.280€ between high and low, or 2.28%. For the last week the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ORS.MI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Orsero S.p.A. to open at 12.45€, and during the day (based on 14 day Average True Range), to move between 12.18€ and 12.78€, which gives a possible trading interval of +/-0.297€ (+/-2.38%) up or down from last closing price. If Orsero S.p.A. takes out the full calculated possible swing range there will be an estimated 4.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 12.40€ (0.64%) than the resistance at 12.58€ (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Orsero S.p.A. stock A Buy?
Orsero S.p.A. holds several negative signals and is within a wide and 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.
Current score: -2.745 Sell Candidate Unchanged
Predicted Opening Price for Orsero S.p.A. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 12.45€ ( 0.214%) | 12.48€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ORS.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.73 | 2.03% |
| R2 | 12.63 | 1.17% |
| R1 | 12.56 | 0.643% |
| Price | 12.48 | |
| S1 | 12.35 | -1.07% |
| S2 | 12.28 | -1.60% |
| S3 | 12.17 | -2.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.02 | 12.34% |
| R2 | 13.58 | 8.81% |
| R1 | 12.58 | 0.80% |
| Price | 12.48 | |
| S1 | 12.40 | -0.641% |
| S2 | 12.32 | -1.28% |
| S3 | 12.16 | -2.56% |
ORS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 15, 2024 | 0.600€ | 4.45% |
| 2 | May 08, 2023 | May 08, 2023 | May 08, 2023 | 0.350€ | 2.76% |
| 3 | May 09, 2022 | May 09, 2022 | May 09, 2022 | 0.300€ | 2.74% |
| 4 | May 10, 2021 | May 10, 2021 | May 10, 2021 | 0.200€ | 2.43% |
| 5 | May 07, 2019 | May 07, 2019 | May 07, 2019 | 0.120€ | 1.62% |
FAQ
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