O ETF Forecast

O ETF price down 0.0533% on Thursday
(Updated on Apr 18, 2024)

OUSA Signals & Forecast

There are few to no technical positive signals at the moment. The O ETF 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 $47.32 and $48.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -5.17%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for O ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.415 between high and low, or 0.89%. For the last week the ETF has had daily average volatility of 1.05%

O is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $44.36 (-5.32%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 15 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (OUSA) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect O to open at $46.92, and during the day (based on 14 day Average True Range), to move between $46.41 and $47.30, which gives a possible trading interval of +/-$0.445 (+/-0.95%) up or down from last closing price. If O takes out the full calculated possible swing range there will be an estimated 1.90% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $47.67, some $0.82 (1.74%) from the current price of $46.86, our system finds the risk reward not very attractive.

Is O ETF A Buy?

O holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.973 Hold/Accumulate Unchanged

Predicted Opening Price for O of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.