Evli Pankki Oyj Stock Forecast
Evli Pankki Oyj stock price up 0.769% on Tuesday
(Updated on Apr 30, 2024)
The Evli Pankki Oyj stock price gained 0.769% on the last trading day (Tuesday, 30th Apr 2024), rising from 19.50€ to 19.65€. During the last trading day the stock fluctuated 2.60% from a day low at 19.20€ to a day high of 19.70€. The price has risen in 6 of the last 10 days and is up by 2.08% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 782 shares were bought and sold for approximately 15.37€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 19.76€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Evli Pankki Oyj stock with a 90% probability to be traded between 18.44€ and 20.01€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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EVLI.HE Signals & Forecast
The Evli Pankki 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 19.57€ and 19.25€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -0.506%. Further fall is indicated until a new bottom pivot has been found. 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 stock had a Golden Star Signal on Friday, December 15, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, December 15, 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 Evli Pankki Oyj stock
Evli Pankki Oyj finds support from accumulated volume at 19.50€ 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 0.500€ between high and low, or 2.60%. For the last week the stock has had daily average volatility of 2.91%
Our recommended stop-loss: 18.96€ (-3.50%) (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 (EVLI.HE) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Evli Pankki Oyj to open at 19.52€, and during the day (based on 14 day Average True Range), to move between 19.13€ and 20.17€, which gives a possible trading interval of +/-0.523€ (+/-2.66%) up or down from last closing price. If Evli Pankki Oyj takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 19.70€ (0.25%) than the support at 19.50€ (0.76%), 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 Evli Pankki Oyj stock A Buy?
Evli Pankki Oyj holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.032 Hold/Accumulate Unchanged
Predicted Opening Price for Evli Pankki Oyj of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
19.52€ ( 0.679%) | 19.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVLI.HE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.02 | 1.87 % | |
R2 | 19.83 | 0.89 % | ||
R1 | 19.71 | 0.293 % | ||
Current price: | 19.65 | |||
Support | S1 | 19.33 | -1.65 % | |
S2 | 19.21 | -2.25 % | ||
S3 | 19.02 | -3.22 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.70 | 5.34 % | |
R2 | 20.10 | 2.29 % | ||
R1 | 19.70 | 0.254 % | ||
Current price | 19.65 | |||
Support | S1 | 19.50 | -0.763% | |
S2 | 19.10 | -2.80% | ||
S3 | 18.70 | -4.83% |
EVLI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 15, 2024 | Mar 25, 2024 | 1.15€ | 6.17% |
2 | Mar 15, 2023 | Mar 15, 2023 | Mar 15, 2023 | 1.15€ | 6.30% |
FAQ
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