Martela Oyj Stock Forecast
Martela Oyj stock upgraded from Strong Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 24, 2024)
The Martela Oyj stock price gained 1.83% on the last trading day (Monday, 24th Jun 2024), rising from 1.09€ to 1.11€. During the last trading day the stock fluctuated 5.71% from a day low at 1.05€ to a day high of 1.11€. The price has fallen in 5 of the last 10 days and is down by -4.31% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately 6.18€ thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 1.09€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.41% during the next 3 months and, with a 90% probability hold a price between 0.92€ and 1.08€ 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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MARAS.HE Signals & Forecast
There are mixed signals in the stock today. The Martela 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 1.12€ and 1.19€. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.83%. 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). Martela 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.
Support, Risk & Stop-loss for Martela Oyj stock
Martela Oyj finds support from accumulated volume at 1.09€ 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 0.0600€ (5.71%) between high and low. For the last week, the stock has had daily average volatility of 4.07%.
Our recommended stop-loss: 1.05€ (-5.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (MARAS.HE) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Martela Oyj to open at 1.09€, and during the day (based on 14 day Average True Range), to move between 1.07€ and 1.15€, which gives a possible trading interval of +/-0.0433€ (+/-3.90%) up or down from last closing price. If Martela Oyj takes out the full calculated possible swing range there will be an estimated 7.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 1.09€ (1.80%) than the resistance at 1.16€ (4.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Martela Oyj stock A Buy?
Martela Oyj holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: -0.732 Hold/Accumulate Upgraded
Predicted Opening Price for Martela Oyj of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| 1.09€ ( 1.80%) | 1.11€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MARAS.HE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.15 | 3.60% |
| R2 | 1.13 | 1.54% |
| R1 | 1.11 | 0.263% |
| Price | 1.11 | |
| S1 | 1.07 | -3.87% |
| S2 | 1.05 | -5.14% |
| S3 | 1.03 | -7.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.30 | 17.12% |
| R2 | 1.21 | 9.01% |
| R1 | 1.16 | 4.05% |
| Price | 1.11 | |
| S1 | 1.09 | -1.80% |
| S2 | 0 | - |
| S3 | 0 | - |
MARAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | 0.100€ | 4.35% |
| 2 | Mar 15, 2019 | Mar 15, 2019 | Mar 15, 2019 | 0.100€ | 3.04% |
| 3 | Mar 07, 2019 | Mar 07, 2019 | Mar 07, 2019 | 0.100€ | 3.16% |
| 4 | Mar 14, 2018 | Mar 14, 2018 | Mar 14, 2018 | 0.320€ | 4.91% |
| 5 | Mar 15, 2017 | Mar 15, 2017 | Mar 15, 2017 | 0.370€ | 2.87% |
FAQ
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