ORI Price Prediction Next Week
Technical Analysis: ORI's current price at $35.93 shows a bearish trend in the short term, with RSI-14 at 47.37 indicating neutral momentum. The stock is trading between its Fibonacci support ($35.79) and pivot ($36.36).
Key Technical Indicators:
- MACD (12,26,9) shows weak bullish momentum with 0.09
- Stochastic RSI indicates oversold conditions at 2.00
- Price is hovering around SMA-20 ($36.30), suggesting consolidation
News Impact:
- Recent strategic partnership with Qualia Labs announced on January 29, 2025
- Upcoming Q4 2024 earnings call scheduled for January 23, 2025
- The technology collaboration with Qualia is expected to enhance operational efficiency
Price Prediction (Next Week): Based on technical analysis and recent news:
- Target Price Range: $35.79 - $36.92
- Most Likely Scenario: Price will test Fibonacci R1 level at $36.92
- Support Level: $35.79
- Resistance Level: $36.92
Trading Recommendation: BUY with entry point at current price ($35.93)
- Stop Loss: $35.44 (Fibonacci S2)
- Take Profit: $36.92 (Fibonacci R1)
- Risk/Reward Ratio: 1:1.65
The positive technology partnership news and neutral technical indicators suggest potential upward movement, making current levels attractive for entry.
ORI Similar Chart Price Prediction
The price of ORI is predicted to go up -7.31%, based on the high correlation periods with GRFS. The similarity of these two price pattern on the periods is 95.53%.
ORI
GRFS
Down: -7.31%Similarity: 95.53%
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ORI Analyst's Forecast
Paul Newsome
Piper Sandler
Buy
2024-10-21
Price Target
$36 → $37
Upside
+2.89%
Piper Sandler raised the firm's price target on Old Republic to $37 from $36 and keeps an Overweight rating on the shares. The firm thinks the tone for the quarter is set, namely pro carriers and neutral brokers. Piper doesn't believe most companies will pre-announce Hurricane Helene losses, but for a few the math is easier. Further, CPI shows continued slow deceleration of price increases and moderating components of claim costs, the firm adds.
Paul Newsome
Piper Sandler
Buy
2024-10-04
Price Target
$35 → $36
Upside
+0.39%
