HKScan Oyj Stock Forecast
Red day on Friday for HKScan Oyj
(Updated on May 17, 2024)
The HKScan Oyj stock price fell by -0.84% on the last day (Friday, 17th May 2024) from 0.712€ to 0.706€. During the last trading day the stock fluctuated 0.85% from a day low at 0.706€ to a day high of 0.712€. The price has fallen in 6 of the last 10 days and is down by -3.02% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 thousand shares and in total, 19 thousand shares were bought and sold for approximately 13.54€ thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect HKScan Oyj stock with a 90% probability to be traded between 0.702€ and 0.765€ 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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HKSAV.HE Signals & Forecast
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 HKScan Oyj stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 0.713€ and 0.711€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -3.81%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for HKScan Oyj stock
HKScan Oyj finds support from accumulated volume at 0.700€ 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 0.0060€ between high and low, or 0.85%. For the last week the stock has had daily average volatility of 1.88%
Our recommended stop-loss: 0.671€ (-4.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (HKSAV.HE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect HKScan Oyj to open at 0.708€, and during the day (based on 14 day Average True Range), to move between 0.683€ and 0.729€, which gives a possible trading interval of +/-0.0229€ (+/-3.24%) up or down from last closing price. If HKScan Oyj takes out the full calculated possible swing range there will be an estimated 6.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.710€ (0.57%) than the support at 0.700€ (0.85%), 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 HKScan Oyj stock A Buy?
HKScan 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.
Current score: -0.710 Hold/Accumulate Unchanged
Predicted Opening Price for HKScan Oyj of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 0.708€ ( 0.283%) | 0.706€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HKSAV.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.714 | 1.13 % | |
| R2 | 0.712 | 0.81 % | ||
| R1 | 0.710 | 0.608 % | ||
| Current price: | 0.706 | |||
| Support | S1 | 0.706 | -0.0414 % | |
| S2 | 0.704 | -0.242 % | ||
| S3 | 0.702 | -0.567 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.748 | 5.95 % | |
| R2 | 0.728 | 3.12 % | ||
| R1 | 0.710 | 0.567 % | ||
| Current price | 0.706 | |||
| Support | S1 | 0.700 | -0.85% | |
| S2 | 0.690 | -2.27% | ||
| S3 | 0.688 | -2.55% |
HKSAV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 31, 2022 | Mar 31, 2022 | Mar 31, 2022 | 0.0400€ | 2.74% |
| 2 | Apr 09, 2021 | Apr 09, 2021 | Apr 09, 2021 | 0.0300€ | 1.29% |
| 3 | Apr 13, 2018 | Apr 13, 2018 | Apr 13, 2018 | 0.0900€ | 2.90% |
| 4 | Apr 07, 2017 | Apr 07, 2017 | Apr 07, 2017 | 0.160€ | 4.66% |
| 5 | Apr 14, 2016 | Apr 14, 2016 | Apr 14, 2016 | 0.140€ | 4.24% |
FAQ
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