Previous Hold Today OSB.L ranks #3770 as HOLD CANDIDATE. Next Hold
Today OSB.L ranks #3770 as HOLD CANDIDATE.

OSB.L stock Norbord Inc

OSB.L stock
Norbord Inc

February 15, 2019
Change 1.04%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Buy
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will OSB.L stock price go up or down on Mon, 18 Feb 2019?

Norbord Inc Forecast and Stock Analysis

Technical OSB.L stock analysis for February 15, 2019.

Hold candidate since 2019-02-15
Shorts 13.68% ( 2019-01-31 )
Cash n/a
Loans n/a
Beta 1.94
ROA 18.76

Norbord Inc gained 1.04% in the last trading day, rising from £364.00 to £367.80 The price has been going up and down for this period, and there has been a -0.97% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 117 601 more shares were traded than the day before. In total, 539 336 shares bought and sold for approximately £198.37 million.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the OSB.L stock was £367.80. This is 1.04% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 4.22% from a day low at £355.60 to a day high of £370.60.

30 day high of the OSB.L stock price was £397.20 and low was £355.60.
90 day high was £397.20 and low was £327.40.
52 week high for the Norbord Inc - £453.60 and low - £327.40.

Trend

Norbord Inc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.01% during the next 3 months and, with 90% probability hold a price between £403.60 and £454.71 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. 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. Norbord Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 £371.00 and £371.61. A break-up above any of these levels will issue buy signals.

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A buy signal from a double bottom formation was found on Friday February 08, 2019 and based on theory for this formation the price should go up by 23.02% to £393.02 within 18 trading days since signal was issued (Wednesday March 06, 2019).

Relative Strength Index (RSI)

RSI14 is 33 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Norbord Inc finds support from accumulated volume at £355.80.

Support: £355.80 Price: £367.80 Resistance: £384.60

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £15.00 (4.22%) between high and low. For the last week, the stock has had a daily average volatility of 3.50%.

Our recommended stoploss: £345.06 (-6.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Norbord Inc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Hold/Accumulate.

Previous Hold Today OSB.L ranks #3770 as HOLD CANDIDATE. Next Hold
Today OSB.L ranks #3770 as HOLD CANDIDATE.