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(OlympicOil) Olympic Oil complete technical analysis [charts+indicators] | Buy/Sell Olympic Oil | (OlympicOil) share price targets

Complete technical analysis of Olympic Oil (OlympicOil) by charts plus indicators, forecast predictions and share price targets for Olympic Oil (OlympicOil)

Showing technical analysis as on 2022-11-02 View latest technical analysis

10 day averaged volume of Olympic Oil is 58

Date Daily Closing Price Open High Low Volume
02 Wed Nov 2022 23.95 23.95 23.95 23.95 0.052 times
12 Wed Oct 2022 23.95 23.95 23.95 23.95 0.017 times
11 Tue Oct 2022 23.95 23.95 23.95 23.95 0.621 times
06 Thu Oct 2022 23.95 23.95 23.95 23.95 0.017 times
04 Tue Oct 2022 23.95 25.20 25.20 23.95 3.983 times
29 Thu Sep 2022 25.20 25.20 25.20 25.20 0.017 times
27 Tue Sep 2022 25.20 25.20 25.20 25.20 0.172 times
23 Fri Sep 2022 25.20 25.20 25.20 25.20 0.328 times
22 Thu Sep 2022 24.00 24.00 24.00 24.00 0.241 times
21 Wed Sep 2022 24.70 24.70 24.70 24.70 2.328 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24.2, but if it comes above 24.2, then a intra day buy could be more profitable.
If you take a sell trade below 24.2, then use 24.2 as stoploss and 23.2 as target. However if you take a buy trade in stock , then use 24.2 as stoploss and 25.07 as target.

Share price targets for Olympic Oil (OlympicOil)

Target Type Value
Downside Target 23.95
Upside Target 24.70
Upside Target 25.20
Upside Target 26.00
Upside Target 26.05
Upside Target 27.00

Intraday share price targets for Olympic Oil (OlympicOil)

Target Type Value
Downside Intraday Target 23.95
Downside Intraday Target 23.95
Downside Intraday Target 23.95
Downside Intraday Target 23.95
Downside Intraday Target 23.95

Weekly technical analysis of Olympic Oil (OlympicOil)

Date Weekly Closing Price Open High Low Volume
02 Wed Nov 2022 23.95 23.95 23.95 23.95 0.081 times
12 Wed Oct 2022 23.95 23.95 23.95 23.95 0.159 times
06 Thu Oct 2022 23.95 25.20 25.20 23.95 21.091 times
29 Thu Sep 2022 25.20 25.20 25.20 25.20 0.035 times
23 Fri Sep 2022 25.20 24.70 25.20 24.00 5.579 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Olympic Oil (OlympicOil)

Date Monthly Closing Price Open High Low Volume
02 Wed Nov 2022 23.95 23.95 23.95 23.95 0.011 times
12 Wed Oct 2022 23.95 25.20 25.20 23.95 0.589 times
29 Thu Sep 2022 25.20 26.00 26.00 24.00 1.313 times
26 Fri Aug 2022 26.00 26.05 26.05 24.70 1.589 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Olympic Oil (OlympicOil)

Indicator Name Indicator Value Indicator Signal
ADX 33, 78, 40 Sell
MACD -2, -2Buy
Stochastics 0Sell
CCI -66Sell
RSI 50Buy
OBV -249Sell
VWAP 24Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Olympic Oil ( (OlympicOil) ) based on a short term time period is

Price action analysis of Olympic Oil ( (OlympicOil) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Olympic Oil ( (OlympicOil) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Olympic Oil ( (OlympicOil) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Olympic Oil stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Olympic Oil in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Olympic Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Olympic Oil in short term

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Olympic Oil is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 24.26 and Olympic Oil (OlympicOil) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Olympic Oil (OlympicOil) stock. Volume based technical analysis of Olympic Oil (OlympicOil) stock is negative.

Olympic Oil Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Olympic Oil charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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