Neste Oyj Stock Forecast
Stronger technical forecast for Neste Oyj stock price after Thursday trading.
(Updated on Jun 20, 2024)
The Neste Oyj stock price gained 2.46% on the last trading day (Thursday, 20th Jun 2024), rising from 16.64€ to 17.05€. During the last trading day the stock fluctuated 3.92% from a day low at 16.58€ to a day high of 17.23€. The price has fallen in 7 of the last 10 days and is down by -9.46% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately 68.24€ million.
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 16.46€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -34.77% during the next 3 months and, with a 90% probability hold a price between 10.74€ and 12.78€ 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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NESTE.HE Signals & Forecast
There are mixed signals in the stock today. The Neste 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 17.58€ and 19.59€. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 2.46%. 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 Neste Oyj stock
Neste Oyj finds support from accumulated volume at 16.64€ 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 0.650€ between high and low, or 3.92%. For the last week, the stock has had daily average volatility of 3.52%.
Neste Oyj is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NESTE.HE) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Neste Oyj to open at 16.95€, and during the day (based on 14 day Average True Range), to move between 16.45€ and 17.64€, which gives a possible trading interval of +/-0.593€ (+/-3.48%) up or down from last closing price. If Neste Oyj takes out the full calculated possible swing range there will be an estimated 6.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 16.64€ (2.41%) than the resistance at 18.88€ (10.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Neste Oyj stock A Buy?
Neste 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.015 Sell Candidate Upgraded
Predicted Opening Price for Neste Oyj of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 16.95€ ( 0.567%) | 17.05€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NESTE.HE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.60 | 3.25% |
| R2 | 17.35 | 1.79% |
| R1 | 17.20 | 0.89% |
| Price | 17.05 | |
| S1 | 16.70 | -2.02% |
| S2 | 16.55 | -2.92% |
| S3 | 16.30 | -4.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.27 | 13.02% |
| R2 | 19.25 | 12.94% |
| R1 | 18.88 | 10.77% |
| Price | 17.05 | |
| S1 | 16.64 | -2.41% |
| S2 | 0 | - |
| S3 | 0 | - |
NESTE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 01, 2024 | Oct 01, 2024 | Oct 09, 2024 | 0.600€ | 3.54% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Apr 09, 2024 | 0.600€ | 2.21% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Oct 06, 2023 | 0.250€ | 0.83% |
| 4 | Mar 29, 2023 | Mar 29, 2023 | Mar 29, 2023 | 0.250€ | 0.560% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | 0.410€ | 0.94% |
FAQ
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