Ovaro Kiinteistösijoitus Oyj Stock Forecast
Ovaro Kiinteistösijoitus Oyj stock downgraded to Hold/Accumulate
(Updated on May 10, 2024)
The Ovaro Kiinteistösijoitus Oyj stock price fell by -0.505% on the last day (Friday, 10th May 2024) from 3.96€ to 3.94€. During the last trading day the stock fluctuated 3.11% from a day low at 3.86€ to a day high of 3.98€. The price has risen in 6 of the last 10 days and is up by 4.79% over the past 2 weeks. Volume has increased on the last day by 6 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, 8 thousand shares were bought and sold for approximately 33.28€ thousand.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 3.96€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.85% during the next 3 months and, with a 90% probability hold a price between 3.91€ and 4.20€ at the end of this 3-month period.
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OVARO.HE Signals & Forecast
The Ovaro Kiinteistösijoitus 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 3.88€ and 3.77€. A breakdown below any of these levels will issue sell signals. 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 08, 2024, and so far it has fallen -0.505%. Further fall is indicated until a new bottom pivot has been found. Ovaro Kiinteistösijoitus Oyj gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ovaro Kiinteistösijoitus Oyj stock
Ovaro Kiinteistösijoitus Oyj finds support from accumulated volume at 3.76€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.120€ between high and low, or 3.11%. For the last week the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: 3.83€ (-2.89%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (OVARO.HE) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Ovaro Kiinteistösijoitus Oyj to open at 3.93€, and during the day (based on 14 day Average True Range), to move between 3.84€ and 4.04€, which gives a possible trading interval of +/-0.0978€ (+/-2.48%) up or down from last closing price. If Ovaro Kiinteistösijoitus Oyj takes out the full calculated possible swing range there will be an estimated 4.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 3.96€ (0.51%) than the support at 3.76€ (4.57%), 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 Ovaro Kiinteistösijoitus Oyj stock A Buy?
Ovaro Kiinteistösijoitus 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. 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 Hold/Accumulate candidate.
Current score: 0.587 Hold/Accumulate Downgraded
Predicted Opening Price for Ovaro Kiinteistösijoitus Oyj of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 3.93€ ( 0.338%) | 3.94€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OVARO.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.05 | 2.71 % | |
| R2 | 4.00 | 1.54 % | ||
| R1 | 3.97 | 0.83 % | ||
| Current price: | 3.94 | |||
| Support | S1 | 3.88 | -1.50 % | |
| S2 | 3.85 | -2.22 % | ||
| S3 | 3.81 | -3.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 3.96 | 0.508 % | ||
| Current price | 3.94 | |||
| Support | S1 | 3.76 | -4.57% | |
| S2 | 3.70 | -6.09% | ||
| S3 | 3.67 | -6.85% |
OVARO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 22, 2024 | 0.130€ | 3.46% |
| 2 | Apr 14, 2023 | Apr 14, 2023 | Apr 14, 2023 | 0.0300€ | 1.03% |
| 3 | Dec 21, 2017 | Dec 21, 2017 | Dec 21, 2017 | 0.0300€ | 0.594% |
| 4 | Sep 21, 2017 | Sep 21, 2017 | Sep 21, 2017 | 0.0300€ | 0.515% |
| 5 | Jun 21, 2017 | Jun 21, 2017 | Jun 21, 2017 | 0.0300€ | 0.718% |
FAQ
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