Kemira Oyj Stock Forecast

Stronger technical forecast for Kemira Oyj stock price after Friday trading.
(Updated on May 17, 2024)

KEMIRA.HE Signals & Forecast

The Kemira 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 22.24€ and 19.11€. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Kemira Oyj stock

On the downside, the stock finds support just below today's level from accumulated volume at 19.20€ and 17.19€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kemira Oyj finds support just below today's level at 19.20€. If this is broken, then the next support from accumulated volume will be at 17.19€ and 16.93€.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.200€ between high and low, or 0.90%. For the last week, the stock has had daily average volatility of 1.69%.

The Kemira Oyj stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 21.78€ (-3.12%) (This stock has high daily movements and this gives high risk. The RSI14 is 94 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (KEMIRA.HE) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Kemira Oyj to open at 22.43€, and during the day (based on 14 day Average True Range), to move between 22.03€ and 22.93€, which gives a possible trading interval of +/-0.449€ (+/-2.00%) up or down from last closing price. If Kemira Oyj takes out the full calculated possible swing range there will be an estimated 3.99% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 19.20€, some 3.28€ (14.59%) from the current price of 22.48€, our system finds the risk reward attractive.

Is Kemira Oyj stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kemira Oyj stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.739 Buy Candidate Upgraded

Predicted Opening Price for Kemira Oyj of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.