Apetit Oyj Stock Forecast

Apetit Oyj stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)

APETIT.HE Signals & Forecast

The Apetit 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 14.05€ and 13.78€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 6.77%. Further rise is indicated until a new top pivot has been found. Apetit Oyj has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, February 23, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 30, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Apetit Oyj stock

On the downside, the stock finds support just below today's level from accumulated volume at 13.25€ and 13.20€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Apetit Oyj finds support just below today's level at 13.25€. If this is broken, then the next support from accumulated volume will be at 13.20€ and 13.00€.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.450€ between high and low, or 3.25%. For the last week, the stock has had daily average volatility of 2.88%.

Our recommended stop-loss: 13.54€ (-4.65%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (APETIT.HE) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Apetit Oyj to open at 14.12€, and during the day (based on 14 day Average True Range), to move between 13.72€ and 14.68€, which gives a possible trading interval of +/-0.478€ (+/-3.36%) up or down from last closing price. If Apetit Oyj takes out the full calculated possible swing range there will be an estimated 6.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 14.55€ (2.46%) than the support at 13.25€ (6.69%), 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 Apetit Oyj stock A Buy?

Apetit Oyj holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.275 Strong Buy Candidate Upgraded

Predicted Opening Price for Apetit Oyj of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.