Previous Hold Today OSB.L ranks #2374 as HOLD CANDIDATE. Next Hold
Today OSB.L ranks #2374 as HOLD CANDIDATE.

OSB.L stock Norbord Inc

OSB.L stock
Norbord Inc

April 18, 2019
Change -0.36%
Chart period: 2019-01-21 - 2019-04-18
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will OSB.L stock price go up or down on Tue, 23 Apr 2019?

Norbord Inc Forecast and Stock Analysis

Technical OSB.L stock analysis for April 18, 2019.

Hold candidate since 2019-04-11 Gain 7.15%
Shorts 13.50% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.88
ROA 18.76

Norbord Inc fell by -0.36% in the last day from £445.20 to £443.60 and has now fallen 3 days in a row. The price has risen in 5 of the last 10 days and is up by 10.73% over the past 2 weeks. Volume has increased in the last day by 163 742 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 601 794 shares bought and sold for approximately £266.96 million.

Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the OSB.L stock was £443.60. This is 0.36% less than the trading day before Wednesday, 17th Apr 2019.

During day the stock fluctuated 1.45% from a day low at £442.00 to a day high of £448.40.

30 day high of the OSB.L stock price was £458.80 and low was £364.40.
90 day high was £458.80 and low was £355.60.
52 week high for the Norbord Inc - £458.80 and low - £327.40.

Trend

Norbord Inc lies in the upper part of a wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £448.76 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 10.59% during the next 3 months and, with 90% probability hold a price between £421.22 and £496.29 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday April 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Norbord Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £434.77 and £399.67. A break down below any of these levels will issue sell signals.

The stock had a Golden Star Signal* on Tuesday February 19, 2019 for the short-term and also have Golden Star Signal for the medium-term dated Friday May 04, 2018.

* 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 90 and the stock is extremely overbought on RSI14, so further reactions should be expected. Some stocks may have a long and hard correction after reaching so high an RSI, but not in all cases. However, the short-term risk has increased drastically and larger movements in the next couple of days can be expected.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Norbord Inc finds support from accumulated volume at £439.80.

Support: £439.80 Price: £443.60 Resistance: £445.20

Risk

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 £6.40 between high and low, or 1.45%. For the last week, the stock has had a daily average volatility of 3.09%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: £429.16 (-3.26%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 90 and this increases the risk substantially. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

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Previous Hold Today OSB.L ranks #2374 as HOLD CANDIDATE. Next Hold
Today OSB.L ranks #2374 as HOLD CANDIDATE.