Honkarakenne Oyj Stock Forecast
Honkarakenne Oyj stock price up 2.90% on Tuesday
(Updated on Apr 30, 2024)
The Honkarakenne Oyj stock price gained 2.90% on the last trading day (Tuesday, 30th Apr 2024), rising from 3.10€ to 3.19€. During the last trading day the stock fluctuated 6.69% from a day low at 2.99€ to a day high of 3.19€. The price has fallen in 5 of the last 10 days but is still up by 3.91% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 283 more shares were traded than the day before. In total, 822 shares were bought and sold for approximately 2.62€ thousand.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is 3.17€, a level that may pose a second chance to hit a runner. According to fan-theory 3.59€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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HONBS.HE Signals & Forecast
The Honkarakenne 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 3.06€ and 3.02€. A breakdown below any of these levels will issue sell signals. Honkarakenne Oyj has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -0.313%. 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).
Support, Risk & Stop-loss for Honkarakenne Oyj stock
Honkarakenne Oyj finds support from accumulated volume at 3.08€ 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 0.200€ (6.69%) between high and low. For the last week, the stock has had daily average volatility of 5.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HONBS.HE) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Honkarakenne Oyj to open at 3.12€, and during the day (based on 14 day Average True Range), to move between 3.05€ and 3.33€, which gives a possible trading interval of +/-0.135€ (+/-4.24%) up or down from last closing price. If Honkarakenne Oyj takes out the full calculated possible swing range there will be an estimated 8.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 3.08€ (3.45%) than the resistance at 3.31€ (3.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Honkarakenne Oyj stock A Buy?
Honkarakenne Oyj holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.360 Sell Candidate Unchanged
Predicted Opening Price for Honkarakenne Oyj of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 3.12€ ( 2.09%) | 3.19€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HONBS.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.32 | 4.18 % | |
| R2 | 3.25 | 1.78 % | ||
| R1 | 3.20 | 0.305 % | ||
| Current price: | 3.19 | |||
| Support | S1 | 3.05 | -4.48 % | |
| S2 | 3.00 | -5.96 % | ||
| S3 | 2.92 | -8.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.40 | 6.58 % | |
| R2 | 3.38 | 5.96 % | ||
| R1 | 3.31 | 3.76 % | ||
| Current price | 3.19 | |||
| Support | S1 | 3.08 | -3.45% | |
| S2 | 3.05 | -4.39% | ||
| S3 | 2.96 | -7.21% |
HONBS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | Apr 19, 2024 | 0€ | 0% |
| 2 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | 0.250€ | 5.36% |
| 3 | Apr 14, 2022 | Apr 14, 2022 | Apr 14, 2022 | 0.250€ | 4.79% |
| 4 | Apr 19, 2021 | Apr 19, 2021 | Apr 19, 2021 | 0.180€ | 2.34% |
| 5 | Jun 01, 2020 | Jun 01, 2020 | Jun 01, 2020 | 0.120€ | 3.57% |
FAQ
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