Kojamo 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
Kojamo Oyj stock downgraded to Sell Candidate
(Updated on May 17, 2024)
The Kojamo Oyj stock price fell by -2.26% on the last day (Friday, 17th May 2024) from 10.62€ to 10.38€. During the last trading day the stock fluctuated 3.09% from a day low at 10.35€ to a day high of 10.67€. The price has been going up and down for this period, and there has been a -1.98% loss for the last 2 weeks. Volume has increased on the last day by 54 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 285 thousand shares were bought and sold for approximately 2.96€ million.
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 Kojamo Oyj stock with a 90% probability to be traded between 9.41€ and 10.86€ 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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KOJAMO.HE Signals & Forecast
The Kojamo Oyj stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 10.47€. On a fall, the stock will find some support from the long-term average at approximately 10.37€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, May 15, 2024, and so far it has fallen -3.17%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kojamo Oyj stock
Kojamo Oyj finds support from accumulated volume at 10.31€ 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 0.320€ between high and low, or 3.09%. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KOJAMO.HE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Kojamo Oyj to open at 10.47€, and during the day (based on 14 day Average True Range), to move between 10.05€ and 10.71€, which gives a possible trading interval of +/-0.328€ (+/-3.16%) up or down from last closing price. If Kojamo Oyj takes out the full calculated possible swing range there will be an estimated 6.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 10.41€ (0.29%) than the support at 10.31€ (0.67%), 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 Kojamo Oyj stock A Buy?
Kojamo 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. 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: -1.539 Sell Candidate Downgraded
Predicted Opening Price for Kojamo Oyj of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 10.47€ ( 0.83%) | 10.38€ |
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 | 10.79 | 3.92 % | |
| R2 | 10.66 | 2.74 % | ||
| R1 | 10.59 | 2.01 % | ||
| Current price: | 10.38 | |||
| Support | S1 | 10.34 | -0.343 % | |
| S2 | 10.27 | -1.07 % | ||
| S3 | 10.15 | -2.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.69 | 2.99 % | |
| R2 | 10.63 | 2.41 % | ||
| R1 | 10.41 | 0.289 % | ||
| Current price | 10.38 | |||
| Support | S1 | 10.31 | -0.674% | |
| S2 | 10.30 | -0.771% | ||
| S3 | 9.97 | -3.95% |
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% |
FAQ
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