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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 2024-12-16 View latest technical analysis

10 day averaged volume of Olympic Oil is 995

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	41.90	42.87	42.87	41.90	0.317 times
13 Fri Dec 2024	42.03	44.10	44.10	42.00	0.033 times
12 Thu Dec 2024	44.10	48.33	48.33	44.01	0.21 times
11 Wed Dec 2024	46.25	48.77	48.77	45.88	0.448 times
10 Tue Dec 2024	48.29	47.36	48.29	45.92	1.048 times
09 Mon Dec 2024	48.33	46.89	48.34	46.89	0.067 times
06 Fri Dec 2024	48.35	48.80	48.80	46.36	0.436 times
05 Thu Dec 2024	48.80	49.23	49.23	46.06	0.463 times
04 Wed Dec 2024	48.26	47.10	48.44	43.86	5.517 times
03 Tue Dec 2024	46.16	46.18	46.18	42.35	1.123 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.7, but if it comes above 42.7, then a intra day buy could be more profitable.
If you take a sell trade below 42.7, then use 42.7 as stoploss and 40 as target. However if you take a buy trade in stock , then use 42.7 as stoploss and 44.95 as target.

Share price targets for Olympic Oil (OlympicOil)

Target Type	Value
Downside Target	32.00
Downside Target	36.32
Downside Target	40.05
Downside Target	41.90
Upside Target	43.89
Upside Target	44.98
Upside Target	46.36
Upside Target	47.50
Upside Target	48.77
Upside Target	49.23
Upside Target	51.42

Intraday share price targets for Olympic Oil (OlympicOil)

Target Type	Value
Downside Intraday Target	41.58
Downside Intraday Target	41.25
Upside Intraday Target	42.55
Upside Intraday Target	43.19
Upside Intraday Target	42.22

Weekly technical analysis of Olympic Oil (OlympicOil)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	41.90	42.87	42.87	41.90	0.175 times
13 Fri Dec 2024	42.03	46.89	48.77	42.00	0.221 times
06 Fri Dec 2024	48.35	40.05	49.23	40.05	74.789 times
29 Fri Nov 2024	42.15	43.89	43.89	42.15	5.45 times
22 Fri Nov 2024	43.89	43.94	43.94	43.89	0.364 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
16 Mon Dec 2024	41.90	40.05	49.23	40.05	24.21 times
29 Fri Nov 2024	42.15	44.98	44.98	42.15	0.153 times
31 Thu Oct 2024	45.00	43.55	46.36	36.32	0.195 times
30 Mon Sep 2024	44.00	34.28	47.50	32.00	0.328 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Olympic Oil (OlympicOil)

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Olympic Oil ( (OlympicOil) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 SELL signal for Olympic Oil in short term but the sell signal is initial and weak.

Olympic Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Olympic Oil in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 47.64 and Olympic Oil (OlympicOil) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.