One Liberty Properties Inc Forecast and Stock Analysis
Technical OLP stock analysis for Friday May 24, 2019.
|Shorts||1.32% ( 2019-04-15 )|
|Price to book||USD 1.98|
|Next Earnings Date||2019-08-06|
One Liberty Properties Inc fell by -0.74% in the last day ( Friday, 24th May 2019 ) from $29.54 to $29.32 and has now fallen 3 days in a row. During day the stock fluctuated 1.64% from a day low at $29.30 to a day high of $29.78. The price has been going up and down for this period, and there has been a 0.14% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -12 391 shares and in total 29 000 shares bought and sold for approximately $850 280.00.
- 30 day high of the OLP stock price was $29.78 and low was $26.42.
- 90 day high was $29.94 and low was $26.08.
- 52 week high for the One Liberty Properties Inc - $29.94 and low - $23.02.
One Liberty Properties Inc is the upper part of a wide and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $29.69 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect One Liberty Properties Inc with 90% probability to be traded between $26.28 and $29.60 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
One Liberty Properties Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $29.44. On a fall, the stock will find some support from the long-term average at approximately $28.24. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday May 22, 2019, which indicates further falls 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.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
One Liberty Properties Inc finds support from accumulated volume at $29.20.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $28.01 (-4.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)
1.28 %Average volatility
Very Low Low Medium High Very High
One Liberty Properties Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
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|OLP $29.32 ($-0.22 -0.74%)|
OLP is down $0.22 today, but where's it headed in 2019?
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