Kojamo Oyj Stock Forecast
Kojamo Oyj stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The Kojamo Oyj stock price gained 0.94% on the last trading day (Friday, 3rd May 2024), rising from 10.59€ to 10.69€. During the last trading day the stock fluctuated 4.98% from a day low at 10.45€ to a day high of 10.97€. The price has risen in 8 of the last 10 days and is up by 8.47% 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, 131 thousand more shares were traded than the day before. In total, 377 thousand shares were bought and sold for approximately 4.03€ million.
The stock lies in the middle of a wide and 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 -2.67% during the next 3 months and, with a 90% probability hold a price between 9.32€ and 10.73€ at the end of this 3-month period.
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KOJAMO.HE Signals & Forecast
Mostly positive signals in the chart today. The Kojamo 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 10.45€ and 10.46€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.95%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Kojamo Oyj stock
Kojamo Oyj finds support from accumulated volume at 10.63€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.520€ between high and low, or 4.98%. For the last week, the stock has had daily average volatility of 3.20%.
Our recommended stop-loss: 10.27€ (-3.91%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (KOJAMO.HE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Kojamo Oyj to open at 10.70€, and during the day (based on 14 day Average True Range), to move between 10.39€ and 10.99€, which gives a possible trading interval of +/-0.301€ (+/-2.81%) up or down from last closing price. If Kojamo Oyj takes out the full calculated possible swing range there will be an estimated 5.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 10.63€ (0.56%) than the resistance at 11.02€ (3.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Kojamo Oyj will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Kojamo Oyj, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.99% in the first trading day after earnings release.
Is Kojamo Oyj stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 3.197 Buy Candidate Upgraded
Predicted Opening Price for Kojamo Oyj of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 10.70€ ( 0.125%) | 10.69€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOJAMO.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.22 | 4.99 % | |
| R2 | 11.02 | 3.13 % | ||
| R1 | 10.90 | 1.98 % | ||
| Current price: | 10.69 | |||
| Support | S1 | 10.50 | -1.73 % | |
| S2 | 10.38 | -2.88 % | ||
| S3 | 10.18 | -4.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.08 | 3.65 % | |
| R2 | 11.06 | 3.46 % | ||
| R1 | 11.02 | 3.09 % | ||
| Current price | 10.69 | |||
| Support | S1 | 10.63 | -0.561% | |
| S2 | 10.59 | -0.94% | ||
| S3 | 9.97 | -6.74% |
KOJAMO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 17, 2023 | Mar 17, 2023 | Mar 17, 2023 | 0.390€ | 3.58% |
| 2 | Mar 17, 2022 | Mar 17, 2022 | Mar 17, 2022 | 0.380€ | 1.77% |
| 3 | Mar 18, 2021 | Mar 18, 2021 | Mar 18, 2021 | 0.370€ | 2.34% |
| 4 | Mar 13, 2020 | Mar 13, 2020 | Mar 13, 2020 | 0.340€ | 2.28% |
| 5 | Mar 15, 2019 | Mar 15, 2019 | Mar 15, 2019 | 0.290€ | 3.04% |
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