CapMan Oyj Stock Forecast

Stronger technical forecast for CapMan Oyj stock price after Thursday trading.
(Updated on May 02, 2024)

CAPMAN.HE Signals & Forecast

The CapMan 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 1.99€ and 1.96€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 10.99%. Further rise is indicated until a new top pivot has been found. CapMan 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. Higher liquidity also reduces the general risk. 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).

Support, Risk & Stop-loss for CapMan Oyj stock

On the downside, the stock finds support just below today's level from accumulated volume at 1.95€ and 1.94€. 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, CapMan Oyj finds support just below today's level at 1.95€. If this is broken, then the next support from accumulated volume will be at 1.94€ and 1.93€.

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 0.0350€ (1.71%) between high and low. For the last week, the stock has had daily average volatility of 2.39%.

Our recommended stop-loss: 1.98€ (-3.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 54 days ago.)

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

For the upcoming trading day on Friday, 3rd we expect CapMan Oyj to open at 2.06€, and during the day (based on 14 day Average True Range), to move between 2.02€ and 2.10€, which gives a possible trading interval of +/-0.0401€ (+/-1.95%) up or down from last closing price. If CapMan Oyj takes out the full calculated possible swing range there will be an estimated 3.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 2.12€ (2.91%) than the support at 1.95€ (5.34%), 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 CapMan Oyj stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for CapMan Oyj stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.247 Buy Candidate Upgraded

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

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