Etteplan Oyj Stock Forecast
Etteplan Oyj stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 02, 2024)
No changes to the price of Etteplan Oyj stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 1.15% from a day low at 13.00€ to a day high of 13.15€. The price has fallen in 5 of the last 10 days and is down by -6.47% for this period.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 12.95€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.90% during the next 3 months and, with a 90% probability hold a price between 13.32€ and 14.80€ at the end of this 3-month period.
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ETTE.HE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Etteplan 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 13.51€ and 13.57€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Monday, March 11, 2024 with a target of 13.55€. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Etteplan Oyj stock
Etteplan Oyj finds support from accumulated volume at 12.95€ 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 0.150€ between high and low, or 1.15%. For the last week the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: 12.16€ (-6.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (ETTE.HE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Etteplan Oyj to open at 13.05€, and during the day (based on 14 day Average True Range), to move between 12.76€ and 13.24€, which gives a possible trading interval of +/-0.243€ (+/-1.87%) up or down from last closing price. If Etteplan Oyj takes out the full calculated possible swing range there will be an estimated 3.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 12.95€ (0.38%) than the resistance at 13.20€ (1.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Etteplan Oyj will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.220. We will update the financials statements for Etteplan Oyj, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.56% in the first trading day after earnings release.
Is Etteplan Oyj stock A Buy?
Etteplan Oyj holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.663 Hold/Accumulate Upgraded
Predicted Opening Price for Etteplan Oyj of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 13.05€ ( 0.385%) | 13.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETTE.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.20 | 1.54 % | |
| R2 | 13.14 | 1.10 % | ||
| R1 | 13.11 | 0.83 % | ||
| Current price: | 13.00 | |||
| Support | S1 | 12.99 | -0.0562 % | |
| S2 | 12.96 | -0.328 % | ||
| S3 | 12.90 | -0.769 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.85 | 6.54 % | |
| R2 | 13.70 | 5.38 % | ||
| R1 | 13.20 | 1.54 % | ||
| Current price | 13.00 | |||
| Support | S1 | 12.95 | -0.385% | |
| S2 | 12.85 | -1.15% | ||
| S3 | 12.70 | -2.31% |
ETTE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 10, 2024 | Apr 10, 2024 | Apr 18, 2024 | 0.300€ | 2.16% |
| 2 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | 0.360€ | 2.22% |
| 3 | Apr 07, 2022 | Apr 07, 2022 | Apr 07, 2022 | 0.400€ | 2.47% |
| 4 | Apr 09, 2021 | Apr 09, 2021 | Apr 09, 2021 | 0.340€ | 2.10% |
| 5 | Apr 03, 2020 | Apr 03, 2020 | Apr 03, 2020 | 0.350€ | 5.34% |
FAQ
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