OT Logistics S.A. Stock Forecast

Green day on Tuesday for OT Logistics S.A. stock after gaining 0.671%
(Updated on Jun 25, 2024)

OTS.WA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 12.15%. 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). OT Logistics S.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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The OT Logistics S.A. 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 33.27zł. On a fall, the stock will find some support from the short-term average at 29.80zł. 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 for OT Logistics S.A. stock

OT Logistics S.A. finds support from accumulated volume at 28.55zł 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 1.20zł between high and low, or 4.14%. For the last week, the stock has had daily average volatility of 3.65%.

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

Trading Expectations (OTS.WA) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect OT Logistics S.A. to open at 29.73zł, and during the day (based on 14 day Average True Range), to move between 28.62zł and 31.38zł, which gives a possible trading interval of +/-1.38zł (+/-4.58%) up or down from last closing price. If OT Logistics S.A. takes out the full calculated possible swing range there will be an estimated 9.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 28.55zł (4.83%) than the resistance at 31.85zł (6.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is OT Logistics S.A. stock A Buy?

OT Logistics S.A. 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: -1.742 Sell Candidate Unchanged

Predicted Opening Price for OT Logistics S.A. of Wednesday, June 26, 2024

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