Orsero S.p.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Orsero S.p.A. stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Orsero S.p.A. stock price gained 0.688% on the last trading day (Tuesday, 30th Apr 2024), rising from 14.54€ to 14.64€. 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 1.94% from a day low at 14.42€ to a day high of 14.70€. The price has risen in 8 of the last 10 days and is up by 8.93% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 30 thousand shares were bought and sold for approximately 433.55€ 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 -13.97% during the next 3 months and, with a 90% probability hold a price between 11.22€ and 12.95€ 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
The Orsero S.p.A. 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 14.20€ and 14.13€. 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 8.93%. 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). Orsero S.p.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Orsero S.p.A. stock
Orsero S.p.A. finds support from accumulated volume at 14.56€ 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 0.280€ (1.94%) between high and low. For the last week, the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: 14.05€ (-4.01%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (ORS.MI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Orsero S.p.A. to open at 14.59€, and during the day (based on 14 day Average True Range), to move between 14.31€ and 14.97€, which gives a possible trading interval of +/-0.332€ (+/-2.27%) 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 4.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 14.68€ (0.27%) than the support at 14.56€ (0.55%), 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
Orsero S.p.A. will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Orsero S.p.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.71% in the first trading day after earnings release.
Is Orsero S.p.A. stock A Buy?
Orsero S.p.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Orsero S.p.A. of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
14.59€ ( 0.364%) | 14.64€ |
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 | |||
---|---|---|---|---|
Resistance | R3 | 14.87 | 1.55 % | |
R2 | 14.76 | 0.82 % | ||
R1 | 14.69 | 0.366 % | ||
Current price: | 14.64 | |||
Support | S1 | 14.48 | -1.09 % | |
S2 | 14.41 | -1.55 % | ||
S3 | 14.31 | -2.28 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.88 | 1.64 % | |
R2 | 14.80 | 1.09 % | ||
R1 | 14.68 | 0.273 % | ||
Current price | 14.64 | |||
Support | S1 | 14.56 | -0.546% | |
S2 | 14.52 | -0.82% | ||
S3 | 14.26 | -2.60% |
ORS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 13, 2024 | May 13, 2024 | May 15, 2024 | 0.600€ | 4.10% |
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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