Alma Media Oyj Stock Forecast
Alma Media Oyj stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
No changes to the price of Alma Media Oyj stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 2.88% from a day low at 9.72€ to a day high of 10.00€. The price has risen in 5 of the last 10 days and is up by 4.26% over the past 2 weeks.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 9.89€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.67% during the next 3 months and, with a 90% probability hold a price between 8.78€ and 9.52€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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 9.79€ 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Tuesday, April 30, 2024, and so far it has fallen -1.01%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Alma Media Oyj stock
Alma Media Oyj finds support from accumulated volume at 9.70€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.280€ (2.88%) between high and low. For the last week, the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: 9.40€ (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ALMA.HE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Alma Media Oyj to open at 9.84€, and during the day (based on 14 day Average True Range), to move between 9.62€ and 9.98€, which gives a possible trading interval of +/-0.179€ (+/-1.83%) up or down from last closing price. If Alma Media Oyj takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 9.82€ (0.20%) than the support at 9.70€ (1.02%), 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: -0.556 Hold/Accumulate Upgraded
Predicted Opening Price for Alma Media Oyj of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 9.84€ ( 0.408%) | 9.80€ |
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 | 10.12 | 3.27 % | |
| R2 | 10.01 | 2.17 % | ||
| R1 | 9.95 | 1.50 % | ||
| Current price: | 9.80 | |||
| Support | S1 | 9.73 | -0.683 % | |
| S2 | 9.67 | -1.36 % | ||
| S3 | 9.56 | -2.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.00 | 2.04 % | |
| R2 | 9.94 | 1.43 % | ||
| R1 | 9.82 | 0.204 % | ||
| Current price | 9.80 | |||
| Support | S1 | 9.70 | -1.02% | |
| S2 | 9.66 | -1.43% | ||
| S3 | 9.50 | -3.06% |
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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