Incap Oyj Stock Forecast
Incap Oyj stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The Incap Oyj stock price gained 2.21% on the last trading day (Friday, 3rd May 2024), rising from 9.05€ to 9.25€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.26% from a day low at 8.92€ to a day high of 9.30€. The price has risen in 9 of the last 10 days and is up by 6.76% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 20 thousand shares were bought and sold for approximately 187.10€ 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 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 21.00% during the next 3 months and, with a 90% probability hold a price between 10.43€ and 12.99€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ICP1V.HE Signals & Forecast
A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -2.48%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Incap 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 9.00€ and 9.05€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Incap Oyj stock
Incap Oyj finds support from accumulated volume at 9.12€ 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 0.380€ between high and low, or 4.26%. For the last week the stock has had daily average volatility of 3.31%
Our recommended stop-loss: 8.83€ (-4.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (ICP1V.HE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Incap Oyj to open at 9.16€, and during the day (based on 14 day Average True Range), to move between 8.99€ and 9.50€, which gives a possible trading interval of +/-0.259€ (+/-2.80%) up or down from last closing price. If Incap Oyj takes out the full calculated possible swing range there will be an estimated 5.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 9.34€ (1.03%) than the support at 9.12€ (1.35%), 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.
Earnings coming up
Incap Oyj will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.320. We will update the financials statements for Incap Oyj, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.97% in the first trading day after earnings release.
Is Incap Oyj stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.101 Buy Candidate Upgraded
Predicted Opening Price for Incap Oyj of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 9.16€ ( 0.97%) | 9.25€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICP1V.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.54 | 3.14 % | |
| R2 | 9.39 | 1.57 % | ||
| R1 | 9.30 | 0.597 % | ||
| Current price: | 9.25 | |||
| Support | S1 | 9.01 | -2.54 % | |
| S2 | 8.92 | -3.51 % | ||
| S3 | 8.78 | -5.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.48 | 2.54 % | |
| R2 | 9.41 | 1.78 % | ||
| R1 | 9.34 | 1.03 % | ||
| Current price | 9.25 | |||
| Support | S1 | 9.12 | -1.35% | |
| S2 | 8.59 | -7.08% | ||
| S3 | 7.84 | -15.20% |
FAQ
Click here for our free guide on how to buy Incap Oyj Stock.
