Apetit Oyj Stock Forecast

Stronger technical forecast for Apetit Oyj stock price after Thursday trading.
(Updated on May 16, 2024)

APETIT.HE Signals & Forecast

Mostly positive signals in the chart today. The Apetit Oyj stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 13.98€ and 14.00€. 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 5.26%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. 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€.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.150€ between high and low, or 1.08%. For the last week the stock has had daily average volatility of 1.38%.

Our recommended stop-loss: 13.17€ (-5.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (APETIT.HE) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Apetit Oyj to open at 13.95€, and during the day (based on 14 day Average True Range), to move between 13.65€ and 14.35€, which gives a possible trading interval of +/-0.351€ (+/-2.51%) up or down from last closing price. If Apetit Oyj takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 14.05€ (0.36%) than the support at 13.25€ (5.36%), 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?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Apetit Oyj stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 3.052 Buy Candidate Upgraded

Predicted Opening Price for Apetit Oyj of Friday, May 17, 2024

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