OSE Immunotherapeutics SA Stock Forecast
Volatile ride for OSE Immunotherapeutics SA stock price on Friday moving between 6.03€ and 6.85€
(Updated on Jun 14, 2024)
The OSE Immunotherapeutics SA stock price fell by -6.12% on the last day (Friday, 14th Jun 2024) from 6.70€ to 6.29€. During the last trading day the stock fluctuated 13.60% from a day low at 6.03€ to a day high of 6.85€. The price has fallen in 8 of the last 10 days and is down by -23.67% for this period. Volume has increased on the last day by 271 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, 576 thousand shares were bought and sold for approximately 3.62€ million.
Given the current short-term trend, the stock is expected to rise 70.57% during the next 3 months and, with a 90% probability hold a price between 10.73€ and 15.96€ at the end of this 3-month period.
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OSE.PA Signals & Forecast
There are few to no technical positive signals at the moment. The OSE Immunotherapeutics SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 7.22€ and 7.19€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -24.76%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for OSE Immunotherapeutics SA stock
OSE Immunotherapeutics SA finds support from accumulated volume at 6.24€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.82€ between high and low, or 13.60%. For the last week, the stock has had daily average volatility of 8.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OSE.PA) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect OSE Immunotherapeutics SA to open at 6.39€, and during the day (based on 14 day Average True Range), to move between 5.79€ and 6.79€, which gives a possible trading interval of +/-0.498€ (+/-7.91%) up or down from last closing price. If OSE Immunotherapeutics SA takes out the full calculated possible swing range there will be an estimated 15.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 6.24€ (0.79%) than the resistance at 6.70€ (6.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
OSE Immunotherapeutics SA will release earnings BMO on Friday, June 21, 2024. We will update the financials statements for OSE Immunotherapeutics SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- -56.82% in the first trading day after earnings release.
Is OSE Immunotherapeutics SA stock A Buy?
The OSE Immunotherapeutics SA stock holds several negative signals and despite the positive trend, we believe OSE Immunotherapeutics SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.463 Sell Candidate Upgraded
Predicted Opening Price for OSE Immunotherapeutics SA of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 6.39€ ( 1.59%) | 6.29€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OSE.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.21 | 14.63% |
| R2 | 6.90 | 9.65% |
| R1 | 6.70 | 6.57% |
| Price | 6.29 | |
| S1 | 6.08 | -3.39% |
| S2 | 5.88 | -6.47% |
| S3 | 5.57 | -11.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.22 | 14.79% |
| R2 | 6.75 | 7.31% |
| R1 | 6.70 | 6.52% |
| Price | 6.29 | |
| S1 | 6.24 | -0.795% |
| S2 | 5.97 | -5.09% |
| S3 | 5.64 | -10.33% |
FAQ
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