OSB.L Forecast and Technical Stock Analysis
Sell candidate since 2019-07-29 Loss -11.08%
Norbord Inc gained 0.92% in the last trading day ( Friday, 16th Aug 2019 ), rising from £3.26 to £3.29 During the day the stock fluctuated 2.80% from a day low at £3.21 to a day high of £3.30. The price has fallen in 6 of the last 10 days and is down by -4.36% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 154 604 more shares were traded than the day before. In total, 323 531 shares bought and sold for approximately £1.06 million.
- 30 day high of the OSB.L stock price was £3.88 and low was £3.21.
- 90 day high was £4.35 and low was £3.21.
- 52 week high for Norbord Inc - £418.20 and low - £3.21.
Norbord Inc lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £3.20 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.40% during the next 3 months and, with 90% probability hold a price between £2.64 and £3.03 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. Norbord Inc has rising 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. 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 £3.32 and £3.55. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 80 ]
The stock currently holds a RSI14 at 17 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Norbord Inc finds support from accumulated volume at £3.28.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.09 between high and low, or 2.80%. For the last week, the stock has had a daily average volatility of 2.34%.
Norbord Inc is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.34 %Average volatility
Very Low Low Medium High Very High
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!