Caverion Oyj Stock Forecast

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

CAV1V.HE Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Caverion 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 8.75€ and 8.75€. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Monday, July 24, 2023 in the long-term chart.

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 Caverion Oyj stock

Caverion Oyj finds support from accumulated volume at 8.75€ 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 very controlled movements and therefore the general risk is considered very 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 0.0400€ between high and low, or 0.457%. For the last week the stock has had daily average volatility of 0.206%

Our recommended stop-loss: 8.38€ (-4.32%) (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 (CAV1V.HE) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Caverion Oyj to open at 8.77€, and during the day (based on 14 day Average True Range), to move between 8.74€ and 8.78€, which gives a possible trading interval of +/-0.0240€ (+/-0.27%) up or down from last closing price. If Caverion Oyj takes out the full calculated possible swing range there will be an estimated 0.55% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 8.75€, some 0.0100€ (0.11%) from the current price of 8.76€, our system finds the risk reward attractive.

Is Caverion 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 Caverion 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: 2.093 Buy Candidate Upgraded

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

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