OUE Commercial Real Estate Investment Stock Forecast
OUE Commercial Real Estate Investment stock price down 0% on Friday
(Updated on Jun 14, 2024)
No changes to the price of OUE Commercial Real Estate Investment stock on the last trading day (Friday, 14th Jun 2024). 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.
The stock is moving within a horizontal trend and further movements within this trend can 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$0.252 and S$0.272 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
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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$0.265 and S$0.268. A break-up above any of these levels will issue buy signals. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 with good liquidity the risk is considered very low in this 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 1.89%.
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 Tuesday 18th
For the upcoming trading day on Tuesday, 18th 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$0.259 and S$0.271, which gives a possible trading interval of +/-S$0.0064 (+/-2.41%) 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 4.83% 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 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: -2.492 Sell Candidate Unchanged
Predicted Opening Price for OUE Commercial Real Estate Investment Trust of Tuesday, June 18, 2024
| Fair opening price June 18, 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 | |
|---|---|---|
| R3 | 0.272 | 2.52% |
| R2 | 0.270 | 1.79% |
| R1 | 0.269 | 1.35% |
| Price | 0.265 | |
| S1 | 0.265 | -0.0918% |
| S2 | 0.264 | -0.537% |
| S3 | 0.262 | -1.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.280 | 5.66% |
| R2 | 0.275 | 3.77% |
| R1 | 0.270 | 1.89% |
| Price | 0.265 | |
| 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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