Huhtamäki Oyj Stock Forecast
Stronger technical forecast for Huhtamäki Oyj stock price after Monday trading.
(Updated on Jun 17, 2024)
The Huhtamäki Oyj stock price gained 0.112% on the last trading day (Monday, 17th Jun 2024), rising from 35.56€ to 35.60€. During the last trading day the stock fluctuated 1.70% from a day low at 35.34€ to a day high of 35.94€. The price has fallen in 7 of the last 10 days and is down by -8.11% for this period. Volume fell on the last day by -100 thousand shares and in total, 126 thousand shares were bought and sold for approximately 4.47€ million. 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 lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 34.96€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.84% during the next 3 months and, with a 90% probability hold a price between 33.97€ and 37.46€ at the end of this 3-month period.
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HUH1V.HE Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.112%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Huhtamäki Oyj stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 36.21€ and 37.04€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, June 14, 2024 and based on theory for this formation the price should go up by 8.53% to 38.64€ within 39 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Huhtamäki Oyj stock
Huhtamäki Oyj finds support from accumulated volume at 35.56€ 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 0.600€ (1.70%) between high and low. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: 33.54€ (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (HUH1V.HE) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Huhtamäki Oyj to open at 35.63€, and during the day (based on 14 day Average True Range), to move between 34.96€ and 36.24€, which gives a possible trading interval of +/-0.640€ (+/-1.80%) up or down from last closing price. If Huhtamäki Oyj takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 35.56€ (0.11%) than the resistance at 36.24€ (1.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Huhtamäki Oyj stock A Buy?
Huhtamäki 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.975 Hold/Accumulate Upgraded
Predicted Opening Price for Huhtamäki Oyj of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 35.63€ ( 0.0749%) | 35.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUH1V.HE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.23 | 1.76% |
| R2 | 36.00 | 1.12% |
| R1 | 35.86 | 0.719% |
| Price | 35.60 | |
| S1 | 35.40 | -0.569% |
| S2 | 35.26 | -0.97% |
| S3 | 35.03 | -1.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.64 | 5.73% |
| R2 | 36.82 | 3.43% |
| R1 | 36.24 | 1.80% |
| Price | 35.60 | |
| S1 | 35.56 | -0.112% |
| S2 | 0 | - |
| S3 | 0 | - |
HUH1V Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 30, 2024 | Sep 30, 2024 | Oct 08, 2024 | 0.520€ | 1.46% |
| 2 | Apr 26, 2024 | Apr 26, 2024 | May 07, 2024 | 0.530€ | 1.43% |
| 3 | Sep 29, 2023 | Sep 29, 2023 | Oct 09, 2023 | 0.500€ | 1.63% |
| 4 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | 0.500€ | 1.53% |
| 5 | Sep 30, 2022 | Sep 30, 2022 | Sep 30, 2022 | 0.470€ | 1.44% |
FAQ
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