Alma Media Oyj Stock Forecast
Alma Media Oyj stock upgraded to Hold/Accumulate.
(Updated on Apr 30, 2024)
The Alma Media Oyj stock price gained 2.06% on the last trading day (Tuesday, 30th Apr 2024), rising from 9.70€ to 9.90€. During the last trading day the stock fluctuated 2.06% from a day low at 9.70€ to a day high of 9.90€. The price has risen in 5 of the last 10 days and is up by 3.34% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 1 thousand shares were bought and sold for approximately 13.46€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is 9.88€, a level that may pose a second chance to hit a runner. According to fan-theory 10.64€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ALMA.HE Signals & Forecast
The Alma Media Oyj stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 9.74€ and 9.73€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Alma Media Oyj stock
Alma Media Oyj finds support from accumulated volume at 9.82€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.200€ between high and low, or 2.06%. For the last week the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: 9.59€ (-3.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (ALMA.HE) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Alma Media Oyj to open at 9.83€, and during the day (based on 14 day Average True Range), to move between 9.72€ and 10.08€, which gives a possible trading interval of +/-0.177€ (+/-1.79%) up or down from last closing price. If Alma Media Oyj takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 9.94€ (0.40%) than the support at 9.82€ (0.81%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Alma Media Oyj stock A Buy?
Alma Media Oyj holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.126 Hold/Accumulate Upgraded
Predicted Opening Price for Alma Media Oyj of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
9.83€ ( 0.673%) | 9.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALMA.HE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.03 | 1.35 % | |
R2 | 9.96 | 0.575 % | ||
R1 | 9.91 | 0.0983 % | ||
Current price: | 9.90 | |||
Support | S1 | 9.76 | -1.45 % | |
S2 | 9.71 | -1.92 % | ||
S3 | 9.63 | -2.69 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.05 | 1.52 % | |
R2 | 10.00 | 1.01 % | ||
R1 | 9.94 | 0.404 % | ||
Current price | 9.90 | |||
Support | S1 | 9.82 | -0.81% | |
S2 | 9.70 | -2.02% | ||
S3 | 9.66 | -2.42% |
ALMA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 08, 2024 | Apr 08, 2024 | Apr 16, 2024 | 0.450€ | 4.70% |
2 | Apr 05, 2023 | Apr 05, 2023 | Apr 05, 2023 | 0.440€ | 4.75% |
3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | 0.350€ | 3.57% |
4 | Mar 25, 2021 | Mar 25, 2021 | Mar 25, 2021 | 0.300€ | 3.23% |
5 | Apr 30, 2020 | Apr 30, 2020 | Apr 30, 2020 | 0.400€ | 4.94% |
FAQ
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