OUE Commercial Real Estate Investment Stock Forecast
OUE Commercial Real Estate Investment stock price down 0% on Wednesday
(Updated on Jun 26, 2024)
No changes to the price of OUE Commercial Real Estate Investment stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 1.92% from a day low at S$0.260 to a day high of S$0.265. The price has been going up and down for this period, and there has been a -1.89% loss for the last 2 weeks.
The stock lies in the middle of a 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 -4.22% during the next 3 months and, with a 90% probability hold a price between S$0.240 and S$0.259 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.
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TS0U.SI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.96%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The OUE Commercial Real Estate Investment stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at S$0.261 and S$0.267. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for OUE Commercial Real Estate Investment stock
OUE Commercial Real Estate Investment finds support from accumulated volume at S$0.255 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 1.92%. For the last week the stock has had daily average volatility of 3.11%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TS0U.SI) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect OUE Commercial Real Estate Investment Trust to open at S$0.262, and during the day (based on 14 day Average True Range), to move between S$0.253 and S$0.267, which gives a possible trading interval of +/-S$0.0068 (+/-2.61%) 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 5.21% 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$0.265 (1.92%) than the support at S$0.255 (1.92%), 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 negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.027 Sell Candidate Unchanged
Predicted Opening Price for OUE Commercial Real Estate Investment Trust of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| S$0.262 ( 0.641%) | S$0.260 |
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 | |
|---|---|---|
| R3 | 0.267 | 2.56% |
| R2 | 0.265 | 1.83% |
| R1 | 0.264 | 1.38% |
| Price | 0.260 | |
| S1 | 0.260 | -0.0936% |
| S2 | 0.259 | -0.547% |
| S3 | 0.257 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.275 | 5.77% |
| R2 | 0.270 | 3.85% |
| R1 | 0.265 | 1.92% |
| Price | 0.260 | |
| S1 | 0.255 | -1.92% |
| 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% |
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