Olvi 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
Stronger technical forecast for Olvi Oyj stock price after Thursday trading.
(Updated on May 16, 2024)
The Olvi Oyj stock price gained 2.16% on the last trading day (Thursday, 16th May 2024), rising from 30.15€ to 30.80€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.15% from a day low at 30.25€ to a day high of 30.90€. The price has risen in 7 of the last 10 days and is up by 2.84% over the past 2 weeks. Volume fell on the last day by -87 shares and in total, 5 thousand shares were bought and sold for approximately 144.48€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -5.02% during the next 3 months and, with a 90% probability hold a price between 27.54€ and 29.25€ 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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OLVAS.HE Signals & Forecast
The Olvi Oyj stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 30.21€ and 30.19€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 4.05%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Monday, April 29, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, April 29, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Olvi Oyj stock
Olvi Oyj finds support from accumulated volume at 30.15€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.650€ between high and low, or 2.15%. For the last week the stock has had daily average volatility of 1.60%
Our recommended stop-loss: 29.22€ (-5.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (OLVAS.HE) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Olvi Oyj to open at 30.65€, and during the day (based on 14 day Average True Range), to move between 30.30€ and 31.30€, which gives a possible trading interval of +/-0.503€ (+/-1.63%) up or down from last closing price. If Olvi Oyj takes out the full calculated possible swing range there will be an estimated 3.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 30.85€ (0.16%) than the support at 30.15€ (2.11%), 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 Olvi 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: 1.015 Buy Candidate Upgraded
Predicted Opening Price for Olvi Oyj of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 30.65€ ( 0.487%) | 30.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OLVAS.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.30 | 1.62 % | |
| R2 | 31.05 | 0.82 % | ||
| R1 | 30.90 | 0.319 % | ||
| Current price: | 30.80 | |||
| Support | S1 | 30.40 | -1.29 % | |
| S2 | 30.25 | -1.79 % | ||
| S3 | 30.00 | -2.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.25 | 1.46 % | |
| R2 | 30.95 | 0.487 % | ||
| R1 | 30.85 | 0.162 % | ||
| Current price | 30.80 | |||
| Support | S1 | 30.15 | -2.11% | |
| S2 | 30.10 | -2.27% | ||
| S3 | 30.00 | -2.60% |
OLVAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 26, 2024 | Aug 26, 2024 | Sep 03, 2024 | 0.600€ | 1.95% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 18, 2024 | 0.600€ | 2.01% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | 0.600€ | 2.05% |
| 4 | Aug 25, 2022 | Aug 25, 2022 | Aug 25, 2022 | 0.600€ | 1.69% |
| 5 | Mar 31, 2022 | Mar 31, 2022 | Mar 31, 2022 | 0.600€ | 1.68% |
FAQ
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