Huhtamäki Oyj Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Huhtamäki Oyj stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Huhtamäki Oyj stock price fell by -1.72% on the last day (Wednesday, 26th Jun 2024) from 38.36€ to 37.70€. During the last trading day the stock fluctuated 2.50% from a day low at 37.58€ to a day high of 38.52€. The price has risen in 6 of the last 10 days and is up by 3.97% over the past 2 weeks. 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 -10 thousand shares and in total, 97 thousand shares were bought and sold for approximately 3.64€ million.
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 Huhtamäki Oyj stock with a 90% probability to be traded between 35.46€ and 38.61€ 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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HUH1V.HE Signals & Forecast
The Huhtamäki Oyj stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 37.12€ and 37.22€. 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 Tuesday, June 25, 2024, and so far it has fallen -1.72%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 2.48% to 38.64€ within 39 trading days since signal was issued (Friday, August 09, 2024).
Support, Risk & Stop-loss for Huhtamäki Oyj stock
Huhtamäki Oyj finds support from accumulated volume at 36.82€ 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 0.94€ (2.50%) between high and low. For the last week, the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: 36.05€ (-4.37%) (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 (HUH1V.HE) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Huhtamäki Oyj to open at 37.93€, and during the day (based on 14 day Average True Range), to move between 36.99€ and 38.41€, which gives a possible trading interval of +/-0.705€ (+/-1.87%) up or down from last closing price. If Huhtamäki Oyj takes out the full calculated possible swing range there will be an estimated 3.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 37.72€ (0.05%) than the support at 36.82€ (2.33%), 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 Huhtamäki Oyj stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Huhtamäki Oyj stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.216 Buy Candidate Upgraded
Predicted Opening Price for Huhtamäki Oyj of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 37.93€ ( 0.619%) | 37.70€ |
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 | 38.87 | 3.11% |
| R2 | 38.51 | 2.16% |
| R1 | 38.29 | 1.57% |
| Price | 37.70 | |
| S1 | 37.57 | -0.334% |
| S2 | 37.35 | -0.92% |
| S3 | 36.99 | -1.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.74 | 2.76% |
| R2 | 38.16 | 1.22% |
| R1 | 37.72 | 0.0531% |
| Price | 37.70 | |
| S1 | 36.82 | -2.33% |
| S2 | 36.24 | -3.87% |
| S3 | 36.06 | -4.35% |
HUH1V Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 30, 2024 | Sep 30, 2024 | Oct 08, 2024 | 0.520€ | 1.38% |
| 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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