Technical Analysis:
Based on recent price action, OSK has shown a consolidation pattern between $107-$112 range over the past week.
Price Levels and Support/Resistance:
- Strong resistance: $112.35 (Feb 12 high)
- Current support: $107.57 (Feb 16 low)
- VWAP range: $107.15-$111.38
News Impact:
- Bank of America raised price target to $110 from $95 while maintaining Underperform rating
- Company will trade ex-dividend on February 14 with quarterly dividend of $0.51
- Mixed analyst sentiment with focus on non-access exposure providing stability in weakening construction environment
Volume Analysis:
- Average daily volume: 534,660 shares
- Higher volume (816,200) observed during Feb 13 selloff indicates potential selling pressure
- Recent volume decline suggests consolidation phase
Price Prediction for Next Week:
Based on technical setup and recent price action:
- Bullish case (40% probability): Break above $112 resistance could push price to $115
- Bearish case (60% probability): Likely to test support at $107 with potential downside to $105
Trading Recommendation: SELL
- Entry: Current price ($109.20)
- Target: $105-$107 range
- Stop loss: Above $112.50
- Risk/Reward ratio: 1:1.5
Rationale:
- Weakening momentum indicators
- Recent analyst caution on construction sector outlook
- Price struggling at resistance with declining volume
- Higher probability of testing lower support levels
Technical Analysis:
Based on recent price action, OSK has shown a consolidation pattern between $107-$112 range over the past week.
Price Levels and Support/Resistance:
- Strong resistance: $112.35 (Feb 12 high)
- Current support: $107.57 (Feb 16 low)
- VWAP range: $107.15-$111.38
News Impact:
- Bank of America raised price target to $110 from $95 while maintaining Underperform rating
- Company will trade ex-dividend on February 14 with quarterly dividend of $0.51
- Mixed analyst sentiment with focus on non-access exposure providing stability in weakening construction environment
Volume Analysis:
- Average daily volume: 534,660 shares
- Higher volume (816,200) observed during Feb 13 selloff indicates potential selling pressure
- Recent volume decline suggests consolidation phase
Price Prediction for Next Week:
Based on technical setup and recent price action:
- Bullish case (40% probability): Break above $112 resistance could push price to $115
- Bearish case (60% probability): Likely to test support at $107 with potential downside to $105
Trading Recommendation: SELL
- Entry: Current price ($109.20)
- Target: $105-$107 range
- Stop loss: Above $112.50
- Risk/Reward ratio: 1:1.5
Rationale:
- Weakening momentum indicators
- Recent analyst caution on construction sector outlook
- Price struggling at resistance with declining volume
- Higher probability of testing lower support levels