Orion Oyj Stock Forecast
Stronger technical forecast for Orion Oyj stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The Orion Oyj stock price gained 0.727% on the last trading day (Wednesday, 27th Mar 2024), rising from 34.40€ to 34.65€. During the last trading day the stock fluctuated 1.61% from a day low at 34.15€ to a day high of 34.70€. The price has fallen in 6 of the last 10 days and is down by -3.21% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately 163.48€ thousand.
The stock lies in the middle of a wide and 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 -19.04% during the next 3 months and, with a 90% probability hold a price between 27.34€ and 30.57€ 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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ORNAV.HE Signals & Forecast
There are mixed signals in the stock today. The Orion Oyj 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 34.71€ and 37.21€. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 1.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Orion Oyj 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.
Support, Risk & Stop-loss for Orion Oyj stock
Orion Oyj finds support from accumulated volume at 34.60€ 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 0.550€ (1.61%) between high and low. For the last week, the stock has had daily average volatility of 1.52%.
Our recommended stop-loss: 32.69€ (-5.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (ORNAV.HE) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Orion Oyj to open at 34.50€, and during the day (based on 14 day Average True Range), to move between 33.99€ and 35.31€, which gives a possible trading interval of +/-0.664€ (+/-1.92%) up or down from last closing price. If Orion Oyj takes out the full calculated possible swing range there will be an estimated 3.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 34.60€ (0.14%) than the resistance at 37.65€ (8.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Orion Oyj stock A Buy?
Orion Oyj 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: -0.490 Hold/Accumulate Upgraded
Predicted Opening Price for Orion Oyj of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
34.50€ ( 0.433%) | 34.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ORNAV.HE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.05 | 1.15 % | |
R2 | 34.84 | 0.548 % | ||
R1 | 34.71 | 0.173 % | ||
Current price: | 34.65 | |||
Support | S1 | 34.29 | -1.04 % | |
S2 | 34.16 | -1.41 % | ||
S3 | 33.95 | -2.02 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 39.85 | 15.01 % | |
R2 | 39.70 | 14.57 % | ||
R1 | 37.65 | 8.66 % | ||
Current price | 34.65 | |||
Support | S1 | 34.60 | -0.144% | |
S2 | 34.55 | -0.289% | ||
S3 | 34.40 | -0.722% |
ORNAV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 15, 2024 | Oct 15, 2024 | Oct 23, 2024 | 0.81€ | 2.34% |
2 | Mar 21, 2024 | Mar 21, 2024 | Mar 21, 2024 | 0€ | 0% |
3 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | 1.60€ | 3.86% |
4 | Mar 24, 2022 | Mar 24, 2022 | Mar 24, 2022 | 1.50€ | 3.74% |
5 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | 1.50€ | 4.05% |
FAQ
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