Blue Owl Capital Inc. Stock Forecast
Blue Owl Capital Inc. stock price up 0.636% on Friday
(Updated on May 17, 2024)
The Blue Owl Capital Inc. stock price gained 0.636% on the last trading day (Friday, 17th May 2024), rising from $18.88 to $19.00. 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 1.39% from a day low at $18.75 to a day high of $19.01. The price has risen in 8 of the last 10 days and is up by 5.85% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 4 million shares were bought and sold for approximately $68.57 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 wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.51% during the next 3 months and, with a 90% probability hold a price between $19.12 and $21.20 at the end of this 3-month period.
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OWL Signals & Forecast
Mostly positive signals in the chart today. The Blue Owl Capital Inc. 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 $18.67 and $18.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 5.85%. 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.
Support, Risk & Stop-loss for Blue Owl Capital Inc. stock
Blue Owl Capital Inc. finds support from accumulated volume at $18.41 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.260 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: $18.17 (-4.35%) (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 (OWL) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Blue Owl Capital Inc. to open at $18.92, and during the day (based on 14 day Average True Range), to move between $18.52 and $19.48, which gives a possible trading interval of +/-$0.478 (+/-2.51%) up or down from last closing price. If Blue Owl Capital Inc. takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.04 (0.21%) than the support at $18.41 (3.11%), 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.
Is Blue Owl Capital Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Blue Owl Capital Inc. stock to perform well in the short-term.
Current score: 3.652 Buy Candidate Unchanged
Predicted Opening Price for Blue Owl Capital Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $18.92 ( 0.421%) | $19.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OWL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.18 | 0.95 % | |
| R2 | 19.08 | 0.425 % | ||
| R1 | 19.02 | 0.102 % | ||
| Current price: | 19.00 | |||
| Support | S1 | 18.82 | -0.94 % | |
| S2 | 18.76 | -1.27 % | ||
| S3 | 18.66 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.60 | 3.16 % | |
| R2 | 19.38 | 2.00 % | ||
| R1 | 19.04 | 0.211 % | ||
| Current price | 19.00 | |||
| Support | S1 | 18.41 | -3.11% | |
| S2 | 18.12 | -4.63% | ||
| S3 | 17.95 | -5.53% |
OWL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | $0 | 0% |
| 2 | May 02, 2024 | May 20, 2024 | May 30, 2024 | $0.180 | 0.95% |
| 3 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0 | 0% |
| 4 | Feb 09, 2024 | Feb 22, 2024 | Mar 05, 2024 | $0.140 | 0.782% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
FAQ
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