OUE Commercial Real Estate Investment Stock Forecast
OUE Commercial Real Estate Investment stock downgraded to Hold/Accumulate
(Updated on May 24, 2024)
The OUE Commercial Real Estate Investment stock price fell by -1.85% on the last day (Friday, 24th May 2024) from S$0.270 to S$0.265. During the last trading day the stock fluctuated 1.89% from a day low at S$0.265 to a day high of S$0.270. The price has been going up and down for this period, and there has been a -1.85% loss for the last 2 weeks. 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 -836 thousand shares and in total, 1 million shares were bought and sold for approximately S$274.49 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at S$0.262 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect OUE Commercial Real Estate Investment stock with a 90% probability to be traded between S$0.266 and S$0.287 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TS0U.SI Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -3.64%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for OUE Commercial Real Estate Investment stock
OUE Commercial Real Estate Investment finds support from accumulated volume at S$0.260 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 S$0.0050 between high and low, or 1.89%. For the last week the stock has had daily average volatility of 2.26%
Our recommended stop-loss: S$0.252 (-5.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (TS0U.SI) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect OUE Commercial Real Estate Investment Trust to open at S$0.267, and during the day (based on 14 day Average True Range), to move between S$0.258 and S$0.272, which gives a possible trading interval of +/-S$0.0069 (+/-2.59%) up or down from last closing price. If OUE Commercial Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 5.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at S$0.270 (1.89%) than the support at S$0.260 (1.89%), 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 OUE Commercial Real Estate Investment Trust stock A Buy?
OUE Commercial Real Estate Investment holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.387 Hold/Accumulate Downgraded
Predicted Opening Price for OUE Commercial Real Estate Investment Trust of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| S$0.267 ( 0.629%) | S$0.265 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TS0U.SI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.272 | 2.52 % | |
| R2 | 0.270 | 1.79 % | ||
| R1 | 0.269 | 1.35 % | ||
| Current price: | 0.265 | |||
| Support | S1 | 0.265 | -0.0918 % | |
| S2 | 0.264 | -0.537 % | ||
| S3 | 0.262 | -1.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.280 | 5.66 % | |
| R2 | 0.275 | 3.77 % | ||
| R1 | 0.270 | 1.89 % | ||
| Current price | 0.265 | |||
| Support | S1 | 0.260 | -1.89% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TS0U Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 05, 2024 | Feb 05, 2024 | Feb 28, 2024 | S$0.0104 | 4.00% |
| 2 | Aug 02, 2023 | Aug 02, 2023 | Aug 02, 2023 | S$0.0105 | 3.56% |
| 3 | Feb 06, 2023 | Feb 06, 2023 | Feb 06, 2023 | S$0.0104 | 3.01% |
| 4 | Aug 01, 2022 | Aug 01, 2022 | Aug 01, 2022 | S$0.0108 | 2.84% |
| 5 | Feb 23, 2022 | Feb 23, 2022 | Feb 23, 2022 | S$0.0137 | 3.38% |
FAQ
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