Based

Million

Resistance

Billion

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The year-to-date return of OReilly Group stock is 11.11% while the three-month return is +0.36%</a> </li> 
 <li> <span>2</span> <a>OReilly stock price trades below the major 20 day and 50 daily moving averages, but is above the dominant upward trendline.</a> </li> 
 <li> <span>3</span> <a>OReilly Automotive Inc. (NASDAQ: ORLY) stock’s 52-week price range is around $424 – $975.</a> </li> 
</ul> 
<p>ORLY Automotive, Inc. is a company that sells car parts and accessories in the U.S. It has many stores across the country where customers can buy products for their vehicles.&nbsp;</p> 
<p>O’Reilly offers both new and remanufactured parts, such as the Parts that make the car run, like alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts.</p> 
<p>Moreover, Parts that help with maintenance like oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products and Parts that add style or functionality, like floor mats, seat covers, and truck accessories. The company serves two types of customers such as professional installers who fix cars for a living and do-it-yourself customers who fix their own cars. O’Reilly Automotive, Inc. aims to provide high-quality products at affordable prices for both groups of customers.</p> 
<p>The ORLY stock has a float of 59.672 Million shares and a market cap of $56.403 Billion. The OReilly stock’s earnings per share (EPS) for the trailing twelve months (TTM) is 36.37 and its price-to-earnings ratio (P/E) for the same period is 25.70.</p> 
<p>The ORLY stock’s latest quarterly report for the period ending June 2023 showed a revenue of $4.07 Billion, a net income of $627.37 Million, and a profit margin of 15.42%. The next quarter’s revenue is estimated to be 4.058 Billion. The O’Reilly stock’s most recent quarterly balance sheet for the period ending June 2023 showed total assets at $13.28 Billion and total liabilities at $14.90 Billion.</p> 
<p>Based on recent data, the ORLY stock reported an EPS of $10.22 for the second quarter, beating the analysts’ estimate of $10.084 by 1.35%. The next quarter’s EPS is estimated to be 10.313. O’Reilly Group will announce its financial results for the third quarter of 2023 on Wednesday, October 25th, 2023, before the market opens. The O’Reilly stock has a CMP of $936.02 and an intraday gain of 1.03%. The stock’s average volume for the last 10 days is 366.233 K and its current volume is 399.8 K.</p> 
<h2 class="wp-block-heading" id="strong-orly-stock-price-technical-analysis-in-1-d-time-frame-strong"><strong>ORLY Stock Price Technical Analysis in 1-D Time Frame</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="594" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-794-1024x594.png" alt="" class="wp-image-171125" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-794-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-794-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-794-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-794-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-794-1140x661.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-794.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: ORLY.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div> 
<p>The O’Reilly stock has shown a fabulous performance in its share price journey over the past years, with a major bullish run that started in March 2020 from $248 and progressed upwards with the help of trendline support.</p> 
<p>Over the past couple of years, showing growth and ascending, the stock displayed positive performance with year-to-date growth of 11.11% and a modest six-month increase of 15.37%. Major moving averages show that the price was beneath the 20-day and 50-day MAs at press time. The MACD highlights a bearish cross and RSI is also taking resistance at 49.</p> 
<p>However, the stock ratings for <a href="https://www.thecoinrepublic.com/2023/09/06/orly-stock-forecast-is-nasdaq-orly-price-capable-to-bag-more/" target="_blank" rel="noreferrer noopener">OReilly stock</a> are positive and highly recommended by 27 analysts who have evaluated it in the last three months. The 1-year price forecasts for O’Reilly stock by 20 analysts range from $940 to $1075, with a high potential for growth.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>The OReilly Automotive Inc. (NASDAQ: ORLY) chart indicates that the traders and investors of the <a href="https://www.thecoinrepublic.com/2023/09/06/orly-stock-forecast-is-nasdaq-orly-price-capable-to-bag-more/" target="_blank" rel="noreferrer noopener">ORLY stock</a> price are bearish in the short term, but bullish in the overall trend on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. However, technical analysis of OReilly stock price suggests bearishness.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels</strong>: $928 and $915</p> 
<p><strong>Resistance Levels</strong>: $958 and $971</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

ORLY Stock Forecast: Can (NASDAQ: ORLY) Adept For New $1075 High?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 25, 2023

Former Deutsche Bank Executive Pleads Guilty to Crypto Fraud Charges

The EOS Network’s Vision for an Interoperable Future

Upbit Resumes Aptos Services After APT Token Scam Saga

Crypto sees outflows for 6th consecutive week, XRP and SOL gain investor confidence

Cardano Price Prediction: Will ADA Break Out of Declining Pattern?

Mixin Network hack drains $200M from mainnet assets

Join our free newsletter for daily crypto updates!