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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 stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 22 as stoploss in an intra day buy trade for a target of 24.15. However, stock will show a bearish move below 22.

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: 22.03
  • 12Day Average: 22.56
  • 20Day Average: 24.04
  • 50Day Average: 27.24
  • 100Day Average: 29.61
  • 150Day Average: 30.19
  • 200Day Average: 33.55

507609 Indicators & signals

Indicator MACD (12,26,9)

23.02, 24.85, -1.84
Indicator MACD is in negative zone

Indicator ADX (14)

31.65, 27.27, 52.53
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 46
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
24 Fri Apr 2026 22.50 22.50 to 22.50 -2.09% 0.24 times
22 Wed Apr 2026 22.98 22.98 to 22.98 4.98% 0.27 times
21 Tue Apr 2026 21.89 21.89 to 21.89 4.99% 0.01 times
20 Mon Apr 2026 20.85 20.85 to 21.81 -4.84% 0.05 times
16 Thu Apr 2026 21.91 21.91 to 22.95 0.23% 0.46 times
13 Mon Apr 2026 21.86 21.85 to 21.86 -4.96% 0.02 times
10 Fri Apr 2026 23.00 22.51 to 23.01 2.22% 0.03 times
09 Thu Apr 2026 22.50 21.55 to 22.50 -0.75% 7.92 times
06 Mon Apr 2026 22.67 22.67 to 22.81 -0.61% 0.06 times
02 Thu Apr 2026 22.81 22.80 to 23.90 -4.56% 1.18 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

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507609 NEWS why is Olympic Oil price falling or rising

 

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