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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of OPY
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Stronger technical forecast for Oppenheimer Holdings Inc stock price after Tuesday trading.
(Updated on Apr 23, 2024)

Hold candidate since Apr 23, 2024 PDF

The Oppenheimer Holdings Inc stock price gained 1.82% on the last trading day (Tuesday, 23rd Apr 2024), rising from $38.01 to $38.70. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.45% from a day low at $38.16 to a day high of $38.71. The price has fallen in 6 of the last 10 days and is down by -0.21% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately $681.78 thousand.

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 Oppenheimer Holdings Inc stock with a 90% probability to be traded between $36.16 and $39.08 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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OPY Signals & Forecast

The Oppenheimer Holdings Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $37.69 and $38.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.06%. Further rise is indicated until a new top pivot has been found. Oppenheimer Holdings Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, March 06, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Wednesday, March 06, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should go up by 7.13% to $41.46 within 21 trading days since signal was issued (Wednesday, April 24, 2024).

Support, Risk & Stop-loss for Oppenheimer Holdings Inc stock

Oppenheimer Holdings Inc finds support from accumulated volume at $38.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.554 (1.45%) between high and low. For the last week, the stock has had daily average volatility of 1.59%.

Our recommended stop-loss: $36.85 (-4.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (OPY) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Oppenheimer Holdings Inc to open at $38.52, and during the day (based on 14 day Average True Range), to move between $37.98 and $39.42, which gives a possible trading interval of +/-$0.722 (+/-1.87%) up or down from last closing price. If Oppenheimer Holdings Inc takes out the full calculated possible swing range there will be an estimated 3.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $38.77 (0.18%) than the support at $38.57 (0.34%), 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.

Earnings coming up

Oppenheimer Holdings Inc will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for Oppenheimer Holdings Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.30% in the first trading day after earnings release.

Is Oppenheimer Holdings Inc stock A Buy?

Oppenheimer Holdings Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.077 Hold/Accumulate Upgraded

Predicted Opening Price for Oppenheimer Holdings Inc of Wednesday, April 24, 2024

Fair opening price April 24, 2024 Current price
$38.52 ( 0.453%) $38.70

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for OPY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 39.08 0.98 %
R2 38.87 0.431 %
R1 38.74 0.0934 %
Current price: 38.70
Support S1 38.31 -1.00 %
S2 38.18 -1.34 %
S3 37.97 -1.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 39.89 3.07 %
R2 38.78 0.207 %
R1 38.77 0.181 %
Current price 38.70
Support S1 38.57 -0.336%
S2 38.31 -1.01%
S3 38.25 -1.16%

OPY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 08, 2024 Feb 08, 2024 Feb 23, 2024 $0.150 0.378%
2 Oct 27, 2023 Nov 09, 2023 Nov 24, 2023 $0.150 0.368%
3 Jul 28, 2023 Aug 10, 2023 Aug 25, 2023 $0.150 0.391%
4 Apr 28, 2023 May 11, 2023 Aug 25, 2023 $0.150 0.391%
5 Jan 27, 2023 Feb 09, 2023 May 26, 2023 $0.150 0.404%

FAQ

What is the symbol for Oppenheimer Holdings Inc Stock and on which exchange is it traded?
The symbol for Oppenheimer Holdings Inc is OPY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Oppenheimer Holdings Inc Stock?
Oppenheimer Holdings Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Oppenheimer Holdings Inc Stock?
Oppenheimer Holdings Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Oppenheimer Holdings Inc Stock.

What's the current price of Oppenheimer Holdings Inc Stock?
As of the end of day on the Apr 23, 2024, the price of an Oppenheimer Holdings Inc (OPY) share was $38.70.

What is the 52-week high and low for Oppenheimer Holdings Inc Stock?
The 52-week high for Oppenheimer Holdings Inc Stock is $42.41 and the 52-week low is $32.82.

What is the market capitalization of Oppenheimer Holdings Inc Stock?
As of the Apr 23, 2024, the market capitalization of Oppenheimer Holdings Inc is 400.831M.

When is the next earnings date for Oppenheimer Holdings Inc?
The upcoming earnings date for Oppenheimer Holdings Inc is Apr 26, 2024.
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About Oppenheimer Holdings Inc

Oppenheimer Holdings Oppenheimer Holdings Inc., through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company offers brokerage services covering exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment t... OPY Profile

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