Etteplan Oyj Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Etteplan Oyj stock downgraded to Sell Candidate
(Updated on May 16, 2024)
The Etteplan Oyj stock price fell by -1.07% on the last day (Thursday, 16th May 2024) from 14.00€ to 13.85€. During the last trading day the stock fluctuated 1.09% from a day low at 13.75€ to a day high of 13.90€. The price has been going up and down for this period, and there has been a 6.54% gain for the last 2 weeks. Volume has increased on the last day by 517 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 962 shares were bought and sold for approximately 13.32€ thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.37% during the next 3 months and, with a 90% probability hold a price between 13.67€ and 15.03€ at the end of this 3-month period.
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ETTE.HE Signals & Forecast
The Etteplan Oyj stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 13.59€ and 13.61€. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -1.07%. 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). Etteplan 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.
A sell signal from a double top formation was found on Tuesday, April 23, 2024 and based on theory for this formation the price should fall by -0.770% to 13.74€ within 29 trading days since signal was issued (Friday, May 17, 2024).
Support, Risk & Stop-loss for Etteplan Oyj stock
Etteplan Oyj finds support from accumulated volume at 13.70€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.150€ (1.09%) between high and low. For the last week, the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ETTE.HE) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Etteplan Oyj to open at 13.83€, and during the day (based on 14 day Average True Range), to move between 13.55€ and 14.15€, which gives a possible trading interval of +/-0.295€ (+/-2.13%) up or down from last closing price. If Etteplan Oyj takes out the full calculated possible swing range there will be an estimated 4.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 13.90€ (0.36%) than the support at 13.70€ (1.08%), 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 Etteplan Oyj stock A Buy?
The Etteplan Oyj stock holds several negative signals and despite the positive trend, we believe Etteplan Oyj will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.709 Sell Candidate Downgraded
Predicted Opening Price for Etteplan Oyj of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 13.83€ ( 0.120%) | 13.85€ |
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 | 13.98 | 0.96 % | |
| R2 | 13.93 | 0.549 % | ||
| R1 | 13.89 | 0.293 % | ||
| Current price: | 13.85 | |||
| Support | S1 | 13.78 | -0.534 % | |
| S2 | 13.74 | -0.790 % | ||
| S3 | 13.68 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.00 | 1.08 % | |
| R2 | 13.95 | 0.722 % | ||
| R1 | 13.90 | 0.361 % | ||
| Current price | 13.85 | |||
| Support | S1 | 13.70 | -1.08% | |
| S2 | 13.60 | -1.81% | ||
| S3 | 13.25 | -4.33% |
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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