Kesla Oyj Stock Forecast
Green day on Friday for Kesla Oyj stock after gaining 0.99%
(Updated on May 10, 2024)
The Kesla Oyj stock price gained 0.99% on the last trading day (Friday, 10th May 2024), rising from 4.04€ to 4.08€. During the last trading day the stock fluctuated 4.08% from a day low at 3.92€ to a day high of 4.08€. The price has fallen in 6 of the last 10 days but is still up by 0.99% 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, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately 5.34€ thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Kesla Oyj stock with a 90% probability to be traded between 3.91€ and 4.33€ 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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KELAS.HE Signals & Forecast
The Kesla 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 4.01€ and 4.05€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 4.62%. Further rise is indicated until a new top pivot has been found. Kesla 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kesla Oyj stock
Kesla Oyj finds support from accumulated volume at 4.04€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.160€ between high and low, or 4.08%. For the last week the stock has had daily average volatility of 4.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KELAS.HE) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Kesla Oyj to open at 4.03€, and during the day (based on 14 day Average True Range), to move between 3.90€ and 4.26€, which gives a possible trading interval of +/-0.184€ (+/-4.51%) up or down from last closing price. If Kesla Oyj takes out the full calculated possible swing range there will be an estimated 9.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 4.10€ (0.49%) than the support at 4.04€ (0.98%), 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 Kesla Oyj stock A Buy?
Kesla 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: -1.526 Sell Candidate Unchanged
Predicted Opening Price for Kesla Oyj of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 4.03€ ( 1.31%) | 4.08€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KELAS.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.19 | 2.61 % | |
| R2 | 4.13 | 1.12 % | ||
| R1 | 4.09 | 0.191 % | ||
| Current price: | 4.08 | |||
| Support | S1 | 3.97 | -2.81 % | |
| S2 | 3.93 | -3.73 % | ||
| S3 | 3.87 | -5.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.22 | 3.43 % | |
| R2 | 4.12 | 0.98 % | ||
| R1 | 4.10 | 0.490 % | ||
| Current price | 4.08 | |||
| Support | S1 | 4.04 | -0.98% | |
| S2 | 4.00 | -1.96% | ||
| S3 | 3.99 | -2.21% |
KELAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 11, 2024 | 0.100€ | 2.48% |
| 2 | Mar 09, 2022 | Mar 09, 2022 | Mar 09, 2022 | 0.200€ | 5.06% |
| 3 | Mar 10, 2021 | Mar 10, 2021 | Mar 10, 2021 | 0.100€ | 2.28% |
| 4 | Mar 06, 2020 | Mar 06, 2020 | Mar 06, 2020 | 0.150€ | 3.79% |
| 5 | Mar 08, 2019 | Mar 08, 2019 | Mar 08, 2019 | 0.150€ | 3.42% |
FAQ
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