Finnair Oyj Stock Forecast
Green day on Thursday for Finnair Oyj stock after gaining 1.36%
(Updated on May 02, 2024)
The Finnair Oyj stock price gained 1.36% on the last trading day (Thursday, 2nd May 2024), rising from 2.94€ to 2.98€. During the last trading day the stock fluctuated 2.61% from a day low at 2.91€ to a day high of 2.99€. The price has risen in 6 of the last 10 days and is up by 1.36% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 173 thousand shares were bought and sold for approximately 516.56€ 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 stock lies in the middle of a very wide and strong 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 100X during the next 3 months and, with a 90% probability hold a price between 207.72€ and 435.65€ at the end of this 3-month period.
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FIA1S.HE Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -7.80%. 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). 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 also not. The Finnair 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 2.93€ and 2.41€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Finnair Oyj stock
Finnair Oyj finds support from accumulated volume at 2.95€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.0760€ between high and low, or 2.61%. For the last week the stock has had daily average volatility of 2.66%.
Our recommended stop-loss: 2.84€ (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (FIA1S.HE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Finnair Oyj to open at 2.96€, and during the day (based on 14 day Average True Range), to move between 2.86€ and 3.10€, which gives a possible trading interval of +/-0.118€ (+/-3.97%) up or down from last closing price. If Finnair Oyj takes out the full calculated possible swing range there will be an estimated 7.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 2.95€ (1.01%) than the resistance at 3.03€ (1.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Finnair Oyj stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Finnair Oyj stock to perform well in the short-term.
Current score: 2.078 Buy Candidate Unchanged
Predicted Opening Price for Finnair Oyj of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 2.96€ ( 0.626%) | 2.98€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIA1S.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.04 | 1.92 % | |
| R2 | 3.01 | 0.95 % | ||
| R1 | 2.99 | 0.348 % | ||
| Current price: | 2.98 | |||
| Support | S1 | 2.93 | -1.60 % | |
| S2 | 2.91 | -2.20 % | ||
| S3 | 2.89 | -3.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.23 | 8.46 % | |
| R2 | 3.06 | 2.55 % | ||
| R1 | 3.03 | 1.68 % | ||
| Current price | 2.98 | |||
| Support | S1 | 2.95 | -1.01% | |
| S2 | 2.95 | -1.14% | ||
| S3 | 2.94 | -1.34% |
FIA1S Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 19, 2020 | Mar 19, 2020 | Mar 19, 2020 | 0.200€ | 1.95% |
| 2 | Mar 21, 2019 | Mar 21, 2019 | Mar 21, 2019 | 0.0505€ | 0.208% |
| 3 | Mar 21, 2018 | Mar 21, 2018 | Mar 21, 2018 | 0.0552€ | 0.161% |
| 4 | Mar 17, 2017 | Mar 17, 2017 | Mar 17, 2017 | 0.0184€ | 0.142% |
| 5 | Mar 28, 2013 | Mar 28, 2013 | Mar 28, 2013 | 0.0184€ | 0.234% |
FAQ
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