Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>OSTK&nbsp; stock chart shows a sharp decline in the last 1-month.&nbsp;&nbsp;</a> </li> 
 <li> <span>2</span> <a>Overstock.com Inc. (NASDAQ: OSTK) stock price has wiped out more than 40% of its value in the past 4 weeks.&nbsp;</a> </li> 
 <li> <span>3</span> <a>OSTK stock price dropped below the key-moving average of 50 and 200-day EMA indicating the domination of the sellers at the upper levels.&nbsp;&nbsp;</a> </li> 
</ul> 
<p>Overstock.com Inc. (OSTK) stock price showed a sharp decline losing all the short-term gains. The price has reverted back to its previous consolidation zone. The price has slumped nearly 50% in the last past 4 weeks. Currently, it is trying to settle down its volatility near the $20 level.&nbsp;</p> 
<p><br>Analysts say that the stock has reacted negatively after the surfacing news. The pre-earning sentiments triggered a breakout and the stock price hiked more than 50% in less than a month reaching a high of $40 from $20.&nbsp;</p> 
<p><br>The stock price showed a free fall after the quarterly results. The stock price tried to sustain near the 200 EMA. However, the heavy short-selling from the upper levels could not sustain the price for long; leading to a fall again.&nbsp;</p> 
<p><br>The analysts offering a 1-year price forecast for Overstock.com Inc. have a more bullish outlook than the drawdown with a maximum potential of 305% gain in 1 year and the price could reach a high of $85 and a maximum drawdown of 9.31%.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/B-f9yfqxvoZWCAU8EgaoMJH_09cv1uwfmjYREa02fvhlXEeuAR6DtsD0HJ51SckI19S9Gk0rHkzzRKlP88MUrWuSHbSUocn4gquya_QouOJR8T4r0yUGirwVtLUgpD-l45BFQIgHASMLqgPcFmPsliQ" alt="OSTK Stock Price Prediction: Can OSTK Price Carsh Below $20 Mark?"> 
  <figcaption class="wp-element-caption">
    Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p>OSTK stock option-chain analysis states that the current implied volatility in the market is 60.69% with a decrement of 1.33% in the last trading session. The at-the-money strike price has 377 open contracts on the PUT side and 759 open contracts on the CALL side indicating the dominance of sellers at the current level.&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-ostk-stock-price-shows-a-free-fall-after-a-surge-strong"><strong>OSTK Stock Price Shows A Free Fall After A Surge</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/WY-i-6D0_a7apsqzVO0Pcnj_RaFMDEo59ZI9hI_hsvjoUxPZmmiCkmoohi6SJpTaxsIyb_LN6pTa54-9FlfO9Pxlnm8bng0WRc6XzZ3ULrTpYll2dz4D0GFHwD9lr14UKUrZFQ_r0UBG0s-JXz4iDPU" alt="OSTK Stock Price Prediction: Can OSTK Price Carsh Below $20 Mark?"> 
  <figcaption class="wp-element-caption">
    Source: Overstock.com Inc. 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/08/17/rivn-stock-price-prediction-rivian-at-the-verge-of-make-or-break/" rel="noopener noreferrer nofollow">OSTK stock price</a> currently trades at $20.95. Currently, the price seems to be struggling to sustain near the round level of $20.&nbsp;</p> 
<p>The price has reverted back to its previous consolidation zone where it might get buyers to halt the free fall. Also, the price has consolidated in the previous months to form a base in the $20 to $217 level form where the price might consolidate and accumulate new buyers to surge higher.&nbsp;</p> 
<p>However, the breakdown of the base $17 may trigger a breakdown and the price might decline sharply to the lower support levels.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-emas-shows-death-crossover-formed-over-the-daily-chart-strong"><strong>EMAs Shows Death Crossover Formed Over the Daily Chart</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/IhFnLNpLo2m_ZtPJG2CAcy4LDT9gDrkr-XSow_GnGUnaWH2qHnCsMCZYjleN-AarCpwHGHb7UeN154FQnfrRz7K-ctdnPOSG5fTt7PTMnkBLrnWNVGph4QaQd3-i-mniHeTIMJAgi2Yl-AC6f65BwLE" alt="OSTK Stock Price Prediction: Can OSTK Price Carsh Below $20 Mark?"> 
  <figcaption class="wp-element-caption">
    Source: Overstock.com Inc. 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily OSTK stock price chart shows that the price could not sustain above the key moving averages indicating the dominance of the sellers at the upper levels. The overall technical opinion rating including RSI and MACD signals an 8% sell with a strengthening short-term outlook on maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Overstock.com Inc.<strong> </strong><a href="https://www.thecoinrepublic.com/2023/08/17/rivn-stock-price-prediction-rivian-at-the-verge-of-make-or-break/" rel="noopener noreferrer nofollow">OSTK stock</a> price dropped by 50% in four weeks, eroding its pre-earning gains. The price is now in a consolidation zone near $20 where it may find buyers to stop the fall. Analysts predict a bullish outlook for the stock in a year with a potential high of $85 and a low of $17. However, if the price breaks below $17, it may decline sharply to lower levels. The stock price is influenced by news sentiments and short-selling pressure.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $20.01 and $17.16.</li> 
 <li><strong>Resistance levels:</strong> $24.41 and $26.90.</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

OSTK Stock Price Prediction: Can OSTK Price Carsh Below $20 Mark?

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