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Oscar Health, Inc. Stock Forecast NYSE:OSCR

$9.99 (0.40%)

Volume: 2M

Closed: Dec 08, 2021

Hollow Logo Score: -3.600

Oscar Health, Inc. Stock Forecast

$9.99 (0.40%)

Volume: 2M

Closed: Dec 08, 2021

Score Hollow Logo -3.600
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 35 and the stock is currently not being overbought or oversold

Oscar Health, Inc. stock price up 0.4% on Wednesday
(Updated on Dec 08, 2021)

Sell candidate since 2021-11-11 Loss -19.89%

The Oscar Health, Inc. stock price gained 0.40% on the last trading day (Wednesday, 8th Dec 2021), rising from $9.95 to $9.99. , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 4.91% from a day low at $9.79 to a day high of $10.27. The price has risen in 6 of the last 10 days and is up by 3.52% over the past 2 weeks. Volume fell on the last day by -570 thousand shares and in total, 2 million shares were bought and sold for approximately $15.54 million. 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 stock lies in the middle of a very 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 -38.46% during the next 3 months and, with a 90% probability hold a price between $4.87 and $8.59 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 16.16%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Oscar Health, Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $13.28. On a fall, the stock will find some support from the short-term average at $9.23. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss

Oscar Health, Inc. finds support from accumulated volume at $9.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.48 between high and low, or 4.91%. For the last week, the stock has had a daily average volatility of 7.32%.

Since the Oscar Health, Inc. has been rising for 6 days in a row, the risk over the next couple of days has increased.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Oscar Health, Inc. stock A Buy?

Oscar Health, Inc. 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.

Current score: -3.600

Predicted Opening Price for Oscar Health, Inc. of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$10.01 $9.99 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 12, 2021 "Morgan Stanley" gave "$26.00 - $22.00" rating for OSCR. The price target was set to $12.50+0.2%.

Volatility and Risk
Daily Average Volatility: 7.32 %
Overall Risk: Very High High Medium Low Very Low
7.32 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $10.16
Price: $9.99
Support: $9.64

OSCR Insider Trading Show all Trades



Last 100 transactions
Buy: 18 120 435 | Sell: 992 167 (Shares)
Date Action Amount Person Type
Dec 07, 2021 Sell 250 000 Blackley Richard Scott Restricted Stock Units
Dec 07, 2021 Sell 86 160 Blackley Richard Scott Class A Common Stock
Dec 05, 2021 Buy 250 000 Blackley Richard Scott Class A Common Stock
Dec 02, 2021 Sell 7 015 Blackley Richard Scott Restricted Stock Units
Dec 02, 2021 Sell 2 090 Blackley Richard Scott Class A Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 18 120 435 | Sell: 992 167 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 10.49 5.04 %
10.31 3.20 %
10.20 2.07 %
Current price: 9.99
Support 9.83 -1.60 %
9.72 -2.74 %
9.53 -4.57 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 12.47 24.82 %
10.64 6.51 %
10.16 1.70 %
Current price 9.99
Support 9.64 -3.50%
9.00 -9.91%
8.75 -12.41%

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