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507609 NEWS why is Olympic Oil price falling or rising

507609 NEWS reasons for why stock price of Olympic Oil is falling or rising

507609 Olympic Oil is falling or rising technical reasons

Technical analysis forecast for Olympic Oil Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Olympic Oil 507609 at this time. Stock is falling and might fall more.

It appears as if Olympic Oil 507609 gave a large move recently.

Stock of Olympic Oil (507609) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Olympic Oil is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Olympic Oil stays below 23.5, but if it comes above 23.5, then a intra day buy could be more profitable.
If you take a sell trade below 23.5, then use 23.5 as stoploss and 19.4 as target. However if you take a buy trade in Olympic Oil, then use 23.5 as stoploss and 26.95 as target.

507609 Olympic Oil is falling or rising NEWS fundamental reasons

More announcements and NEWS

507609 Olympic Oil current price & indicator signals

Moving Averages for Olympic Oil

  • 5Day Average: 24.11
  • 12Day Average: 25.96
  • 20Day Average: 28.32
  • 50Day Average: 29.09
  • 100Day Average: 30.71
  • 150Day Average: 31.19
  • 200Day Average: 34.07

507609 Indicators & signals

Indicator MACD (12,26,9)

25.75, 27.48, -1.07
Indicator MACD is in negative zone

Indicator ADX (14)

48.24, 20, 57.27
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 43
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 507609 Olympic Oil are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Thu Apr 2026 22.81 22.80 to 23.90 -4.56% 1.25 times
01 Wed Apr 2026 23.90 23.90 to 23.90 0.46% 0.01 times
30 Mon Mar 2026 23.79 23.79 to 23.79 -4.99% 0.01 times
27 Fri Mar 2026 25.04 25.04 to 25.04 0.04% 0.1 times
25 Wed Mar 2026 25.03 25.02 to 25.03 0.08% 0.9 times
24 Tue Mar 2026 25.01 25.01 to 25.88 -3.84% 0.2 times
23 Mon Mar 2026 26.01 24.25 to 26.01 3.17% 0.4 times
20 Fri Mar 2026 25.21 25.21 to 25.21 -4.98% 0.4 times
19 Thu Mar 2026 26.53 26.53 to 26.53 -4.91% 0.82 times
18 Wed Mar 2026 27.90 27.90 to 29.36 -4.97% 4.54 times
17 Tue Mar 2026 29.36 29.36 to 30.30 -4.98% 2.63 times
16 Mon Mar 2026 30.90 30.90 to 31.55 -2.03% 0.14 times

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507609 NEWS why is Olympic Oil price falling or rising

 

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