Orion Oyj Stock Forecast
Orion Oyj stock upgraded to Hold/Accumulate.
(Updated on Apr 22, 2024)
The Orion Oyj stock price gained 1.85% on the last trading day (Monday, 22nd Apr 2024), rising from 32.40€ to 33.00€. During the last trading day the stock fluctuated 2.13% from a day low at 32.32€ to a day high of 33.01€. The price has fallen in 6 of the last 10 days but is still up by 0.92% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 69 thousand more shares were traded than the day before. In total, 232 thousand shares were bought and sold for approximately 7.65€ million.
Given the current short-term trend, the stock is expected to fall -27.44% during the next 3 months and, with a 90% probability hold a price between 21.86€ and 23.95€ 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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ORNBV.HE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.26%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Orion Oyj stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 34.31€. On a fall, the stock will find some support from the short-term average at 32.65€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Orion Oyj stock
Orion Oyj finds support from accumulated volume at 32.98€ 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 0.690€ (2.13%) between high and low. For the last week, the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: 31.24€ (-5.35%) (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 (ORNBV.HE) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Orion Oyj to open at 32.78€, and during the day (based on 14 day Average True Range), to move between 32.37€ and 33.63€, which gives a possible trading interval of +/-0.629€ (+/-1.90%) up or down from last closing price. If Orion Oyj takes out the full calculated possible swing range there will be an estimated 3.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 32.98€ (0.06%) than the resistance at 35.48€ (7.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Orion Oyj will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.320. We will update the financials statements for Orion Oyj, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.15% in the first trading day after earnings release.
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: -0.287 Hold/Accumulate Upgraded
Predicted Opening Price for Orion Oyj of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| 32.78€ ( 0.677%) | 33.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ORNBV.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.47 | 1.41 % | |
| R2 | 33.20 | 0.615 % | ||
| R1 | 33.04 | 0.122 % | ||
| Current price: | 33.00 | |||
| Support | S1 | 32.51 | -1.48 % | |
| S2 | 32.35 | -1.97 % | ||
| S3 | 32.09 | -2.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.05 | 21.36 % | |
| R2 | 36.40 | 10.30 % | ||
| R1 | 35.48 | 7.52 % | ||
| Current price | 33.00 | |||
| Support | S1 | 32.98 | -0.0606% | |
| S2 | 32.94 | -0.182% | ||
| S3 | 32.69 | -0.94% |
ORNBV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 15, 2024 | Oct 15, 2024 | Oct 23, 2024 | 0.81€ | 2.46% |
| 2 | Mar 21, 2024 | Mar 21, 2024 | Mar 21, 2024 | 0€ | 0% |
| 3 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | 1.60€ | 3.85% |
| 4 | Mar 24, 2022 | Mar 24, 2022 | Mar 24, 2022 | 1.50€ | 3.71% |
| 5 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | 1.50€ | 4.42% |
FAQ
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