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Takip Edin: @UscMarketsOVCHY Stock Forecast & Oversea-Chinese Banking Corporation Chart Analysis
This article provides a detailed analysis of OVCHY-Oversea-Chinese Banking Corporation stock including a forecast for OVCHY shares. It features Oversea-Chinese Banking Corporation Limited technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
OVCHY Historical Data Review
OVCHY Current Price Performance Analysis
The Oversea-Chinese Banking Corporation - OVCHY stock traded on the American stock market, on 06-05-2024, closed at 21.15$ with a %-2.49 decreased compared to the previous day.
In the last month, the price of OVCHY changed by %-1.08 decreased in value, from 21.38 dollars on 05-06-2024 to 21.15 dollars, decreased.
Last year, the price of OVCHY was 18.5 dollars on 06-06-2023, and changed by %14.32 increased in value, to 21.15 dollars increased within a year.
The price of Oversea-Chinese Banking Corporation stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
OVCHY with AI Stock Forecast & Price Target
On the OVCHY chart Oversea-Chinese Banking Corporation price was recorded as 21.15 Dollars on 06/05/2024.
The artificial intelligence's forecast on OVCHY stock is as follows.
The artificial intelligence's prediction error margin for OVCHY stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Oversea-Chinese Banking Corporation stock over the next 4 months is: 19.9 Dollars.
The commentary on OVCHY stock Target Price: Highest: 21.011 Dollars is predicted.
The commentary on OVCHY stock Target Price: Lowest: 19.213 Dollars is predicted.
Resistance Price where Oversea-Chinese Banking Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 21.011 |
| 09-23-2024 | 20.074 |
| 12-27-2024 | 20.452 |
| 03-07-2025 | 19.859 |
Support Price where Oversea-Chinese Banking Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 19.363 |
| 11-12-2024 | 19.213 |
| 02-05-2025 | 19.253 |
| 03-27-2025 | 19.717 |
The commentary on OVCHY stock: Fluctuations in the target price can be expected in the coming days.
The target price for Oversea-Chinese Banking Corporation stock by the end of 2024 is predicted to be 20.452 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on OVCHY stock, and the 2024 target price predictions for Oversea-Chinese Banking Corporation are detailed above.
The technical analysis and charts for the commentary on OVCHY stock are below.
OVCHY Support & Resistance and Trend Analysis
OVCHY stock you have reviewed the technical analysis support resistance charts regarding.
OVCHY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the OVCHY review, the Oversea-Chinese Banking Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Oversea-Chinese Banking Corporation Support and Resistance Prices:
| OVCHY Support Level Price | OVCHY Resistance Level Price |
|---|---|
| 18.00 | 19.52 |
| 18.13 | 19.60 |
| 18.42 | 19.69 |
| 18.48 | 19.89 |
| 18.50 | 19.94 |
| 18.54 | 19.95 |
| 18.67 | 20.06 |
| 19.51 | 20.26 |
| 19.63 | 20.32 |
| 19.96 | 21.00 |
| 20.55 | 21.77 |
| 22.10 |
OVCHY Technical Analysis: SMA, RSI, MACD
Upon reviewing the OVCHY chart, buy and sell signals have been generated in the Oversea-Chinese Banking Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for OVCHY stock are as follows:- The technical analysis for Oversea-Chinese Banking Corporation indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Oversea-Chinese Banking Corporation stock: Click here to read more predictions on Lloyds Banking Group stock.
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