eQ Oyj Stock Forecast

Evaluation of eQ Oyj stock downgraded after the last trading session.
(Updated on Jun 27, 2024)

EQV1V.HE Signals & Forecast

There are mixed signals in the stock today. The eQ Oyj stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 14.40€ and 14.44€. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 2.52%. 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).

Support, Risk & Stop-loss for eQ Oyj stock

eQ Oyj finds support from accumulated volume at 14.10€ 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 0.250€ between high and low, or 1.75%. For the last week the stock has had daily average volatility of 2.47%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EQV1V.HE) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect eQ Oyj to open at 14.33€, and during the day (based on 14 day Average True Range), to move between 13.90€ and 14.60€, which gives a possible trading interval of +/-0.346€ (+/-2.43%) up or down from last closing price. If eQ Oyj takes out the full calculated possible swing range there will be an estimated 4.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 14.10€ (1.05%) than the resistance at 14.55€ (2.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is eQ Oyj stock A Buy?

eQ Oyj holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.744 Sell Candidate Downgraded

Predicted Opening Price for eQ Oyj of Friday, June 28, 2024

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