Omega Healthcare Investors Inc Stock Forecast
Omega Healthcare Investors Inc stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 18, 2024)
The Omega Healthcare Investors Inc stock price gained 0.0668% on the last trading day (Thursday, 18th Apr 2024), rising from $29.96 to $29.98. During the last trading day the stock fluctuated 0.92% from a day low at $29.85 to a day high of $30.12. The price has fallen in 7 of the last 10 days and is down by -3.94% for this period. Volume fell on the last day by -320 thousand shares and in total, 1 million shares were bought and sold for approximately $41.50 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 lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $29.53 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.43% during the next 3 months and, with a 90% probability hold a price between $31.43 and $34.31 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
OHI Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Omega Healthcare Investors Inc 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 $30.34 and $30.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -6.28%. 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 Omega Healthcare Investors Inc stock
Omega Healthcare Investors Inc finds support from accumulated volume at $29.91 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 $0.275 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: $28.35 (-5.45%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (OHI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Omega Healthcare Investors Inc to open at $29.98, and during the day (based on 14 day Average True Range), to move between $29.47 and $30.49, which gives a possible trading interval of +/-$0.513 (+/-1.71%) up or down from last closing price. If Omega Healthcare Investors Inc takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $29.91 (0.23%) than the resistance at $30.81 (2.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Omega Healthcare Investors Inc stock A Buy?
Omega Healthcare Investors Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.343 Hold/Accumulate Upgraded
Predicted Opening Price for Omega Healthcare Investors Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $29.98 ( 0.0056%) | $29.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OHI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.26 | 0.92 % | |
| R2 | 30.15 | 0.572 % | ||
| R1 | 30.09 | 0.356 % | ||
| Current price: | 29.98 | |||
| Support | S1 | 29.88 | -0.345 % | |
| S2 | 29.81 | -0.561 % | ||
| S3 | 29.71 | -0.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.94 | 3.20 % | |
| R2 | 30.83 | 2.84 % | ||
| R1 | 30.81 | 2.77 % | ||
| Current price | 29.98 | |||
| Support | S1 | 29.91 | -0.233% | |
| S2 | 28.20 | -5.94% | ||
| S3 | 28.09 | -6.30% |
OHI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 26, 2024 | Feb 02, 2024 | Feb 15, 2024 | $0.670 | 2.18% |
| 2 | Oct 20, 2023 | Oct 30, 2023 | Nov 15, 2023 | $0.670 | 2.13% |
| 3 | Jul 20, 2023 | Jul 28, 2023 | Aug 15, 2023 | $0.670 | 2.15% |
| 4 | Apr 20, 2023 | Apr 28, 2023 | Aug 15, 2023 | $0.670 | 2.15% |
| 5 | Jan 26, 2023 | Feb 03, 2023 | Feb 15, 2023 | $0.670 | 2.38% |
FAQ
Click here for our free guide on how to buy Omega Healthcare Investors Inc Stock.
