Ortivus AB (publ) Stock Forecast
Evaluation of Ortivus AB (publ) stock downgraded after the last trading session.
(Updated on May 27, 2024)
The Ortivus AB (publ) stock price fell by -0.398% on the last day (Monday, 27th May 2024) from kr2.51 to kr2.50. During the last trading day the stock fluctuated 2.03% from a day low at kr2.46 to a day high of kr2.51. The price has fallen in 5 of the last 10 days and is down by -2.34% for this period. 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 -5 thousand shares and in total, 3 thousand shares were bought and sold for approximately kr7.28 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 -23.05% during the next 3 months and, with a 90% probability hold a price between kr1.79 and kr2.03 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ORTI-B.ST Signals & Forecast
There are mixed signals in the stock today. The Ortivus AB (publ) 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 kr2.51 and kr2.62. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 0.81%. 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).
Support, Risk & Stop-loss for Ortivus AB (publ) stock
Ortivus AB (publ) finds support from accumulated volume at kr2.49 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 therefore the general risk is considered very 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 kr0.0500 between high and low, or 2.03%. For the last week the stock has had daily average volatility of 2.35%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ORTI-B.ST) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Ortivus AB (publ) to open at kr2.49, and during the day (based on 14 day Average True Range), to move between kr2.41 and kr2.59, which gives a possible trading interval of +/-kr0.0896 (+/-3.58%) up or down from last closing price. If Ortivus AB (publ) takes out the full calculated possible swing range there will be an estimated 7.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr2.49 (0.40%) than the resistance at kr2.53 (1.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ortivus AB (publ) stock A Buy?
Ortivus AB (publ) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.183 Sell Candidate Downgraded
Predicted Opening Price for Ortivus AB (publ) of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| kr2.49 ( 0.400%) | kr2.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ORTI-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.54 | 1.60 % | |
| R2 | 2.52 | 0.84 % | ||
| R1 | 2.51 | 0.364 % | ||
| Current price: | 2.50 | |||
| Support | S1 | 2.47 | -1.16 % | |
| S2 | 2.46 | -1.64 % | ||
| S3 | 2.44 | -2.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.10 | 24.00 % | |
| R2 | 3.00 | 20.00 % | ||
| R1 | 2.53 | 1.20 % | ||
| Current price | 2.50 | |||
| Support | S1 | 2.49 | -0.400% | |
| S2 | 2.48 | -0.80% | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Ortivus AB (publ) Stock.
