eQ Oyj Stock Forecast

eQ Oyj stock price ended at 13.90€ on Friday, after losing 2.46%.
(Updated on Jun 28, 2024)

EQV1V.HE Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 14.36€ and 14.43€. A break-up above any of these levels will issue buy signals. eQ Oyj gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for eQ Oyj stock

eQ Oyj finds support from accumulated volume at 13.80€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.800€ between high and low, or 5.76%. For the last week the stock has had daily average volatility of 3.13%.

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 Monday 1st

For the upcoming trading day on Monday, 1st we expect eQ Oyj to open at 14.17€, and during the day (based on 14 day Average True Range), to move between 13.52€ and 14.28€, which gives a possible trading interval of +/-0.378€ (+/-2.72%) up or down from last closing price. If eQ Oyj takes out the full calculated possible swing range there will be an estimated 5.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 13.80€ (0.72%) than the resistance at 14.05€ (1.08%), 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?

The eQ Oyj stock holds several negative signals and despite the positive trend, we believe eQ Oyj will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.625 Sell Candidate Unchanged

Predicted Opening Price for eQ Oyj of Monday, July 1, 2024

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