Marimekko Oyj Stock Forecast
Weaker technical forecast for Marimekko Oyj as stock downgraded to Strong Sell Candidate.
(Updated on Jun 28, 2024)
The Marimekko Oyj stock price fell by -3.91% on the last day (Friday, 28th Jun 2024) from 14.84€ to 14.26€. During the last trading day the stock fluctuated 4.65% from a day low at 14.18€ to a day high of 14.84€. The price has fallen in 5 of the last 10 days but is still up by 0.71% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -898 shares and in total, 21 thousand shares were bought and sold for approximately 294.74€ thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 14.11€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 21.02% during the next 3 months and, with a 90% probability hold a price between 17.08€ and 20.52€ at the end of this 3-month period.
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MEKKO.HE Signals & Forecast
There are few to no technical positive signals at the moment. The Marimekko Oyj stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 14.57€ and 14.37€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -10.99%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Marimekko Oyj stock
Marimekko Oyj finds support from accumulated volume at 13.96€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.660€ between high and low, or 4.65%. For the last week the stock has had daily average volatility of 3.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MEKKO.HE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Marimekko Oyj to open at 14.43€, and during the day (based on 14 day Average True Range), to move between 13.77€ and 14.75€, which gives a possible trading interval of +/-0.493€ (+/-3.46%) up or down from last closing price. If Marimekko Oyj takes out the full calculated possible swing range there will be an estimated 6.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 13.96€ (2.10%) than the resistance at 14.66€ (2.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Marimekko Oyj stock A Buy?
The Marimekko Oyj stock holds several negative signals and despite the positive trend, we believe Marimekko Oyj will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Strong Sell candidate.
Current score: -6.151 Strong Sell Candidate Downgraded
Predicted Opening Price for Marimekko Oyj of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 14.43€ ( 1.17%) | 14.26€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MEKKO.HE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.09 | 5.80% |
| R2 | 14.83 | 4.03% |
| R1 | 14.68 | 2.94% |
| Price | 14.26 | |
| S1 | 14.17 | -0.599% |
| S2 | 14.02 | -1.69% |
| S3 | 13.77 | -3.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.02 | 12.34% |
| R2 | 14.84 | 4.07% |
| R1 | 14.66 | 2.81% |
| Price | 14.26 | |
| S1 | 13.96 | -2.10% |
| S2 | 13.80 | -3.23% |
| S3 | 13.06 | -8.42% |
MEKKO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 17, 2024 | Apr 25, 2024 | 0.370€ | 3.06% |
| 2 | Apr 14, 2023 | Apr 14, 2023 | Apr 14, 2023 | 0.340€ | 3.54% |
| 3 | Apr 13, 2022 | Apr 13, 2022 | Apr 13, 2022 | 0.400€ | 2.68% |
| 4 | Feb 16, 2022 | Feb 16, 2022 | Feb 16, 2022 | 0.200€ | 1.34% |
| 5 | Feb 19, 2021 | Feb 19, 2021 | Feb 19, 2021 | 0.180€ | 1.68% |
FAQ
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