Kesko 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
Evaluation of Kesko Oyj stock downgraded after the last trading session.
(Updated on May 03, 2024)
The Kesko Oyj stock price gained 0.687% on the last trading day (Friday, 3rd May 2024), rising from 16.02€ to 16.13€. During the last trading day the stock fluctuated 1.78% from a day low at 16.02€ to a day high of 16.30€. The price has risen in 6 of the last 10 days but is still down by -2.06% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 33 thousand more shares were traded than the day before. In total, 673 thousand shares were bought and sold for approximately 10.85€ million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.97% during the next 3 months and, with a 90% probability hold a price between 14.54€ and 15.46€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KESKOB.HE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.35%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kesko 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 16.16€ and 16.85€. 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).
Support, Risk & Stop-loss for Kesko Oyj stock
Kesko Oyj finds support from accumulated volume at 16.06€ 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 0.285€ (1.78%) between high and low. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KESKOB.HE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Kesko Oyj to open at 16.15€, and during the day (based on 14 day Average True Range), to move between 15.79€ and 16.47€, which gives a possible trading interval of +/-0.338€ (+/-2.10%) up or down from last closing price. If Kesko Oyj takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 16.06€ (0.46%) than the resistance at 16.99€ (5.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kesko Oyj stock A Buy?
Kesko Oyj holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.081 Sell Candidate Downgraded
Predicted Opening Price for Kesko Oyj of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 16.15€ ( 0.114%) | 16.13€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KESKOB.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.43 | 1.88 % | |
| R2 | 16.32 | 1.21 % | ||
| R1 | 16.26 | 0.789 % | ||
| Current price: | 16.13 | |||
| Support | S1 | 16.04 | -0.561 % | |
| S2 | 15.97 | -0.98 % | ||
| S3 | 15.86 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.67 | 9.52 % | |
| R2 | 17.05 | 5.67 % | ||
| R1 | 16.99 | 5.30 % | ||
| Current price | 16.13 | |||
| Support | S1 | 16.06 | -0.465% | |
| S2 | 16.02 | -0.682% | ||
| S3 | 15.92 | -1.33% |
KESKOB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 13, 2025 | Jan 13, 2025 | Jan 21, 2025 | 0.250€ | 1.55% |
| 2 | Oct 14, 2024 | Oct 14, 2024 | Oct 22, 2024 | 0.260€ | 1.61% |
| 3 | Jul 15, 2024 | Jul 15, 2024 | Jul 23, 2024 | 0.250€ | 1.55% |
| 4 | Mar 27, 2024 | Mar 27, 2024 | Apr 08, 2024 | 0.260€ | 1.53% |
| 5 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | 0.270€ | 1.48% |
FAQ
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