Panostaja Oyj Stock Forecast

Panostaja Oyj stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)

PNA1V.HE Signals & Forecast

The Panostaja Oyj stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 0.386€ and 0.390€. A breakdown below any of these levels will issue sell signals. Panostaja 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. 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 Monday, April 29, 2024, and so far it has fallen -4.18%. 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).

Support, Risk & Stop-loss for Panostaja Oyj stock

On the downside, the stock finds support just below today's level from accumulated volume at 0.369€ and 0.365€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Panostaja Oyj finds support just below today's level at 0.369€. If this is broken, then the next support from accumulated volume will be at 0.365€ and 0.360€.

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 0.0060€ (1.56%) between high and low. For the last week, the stock has had daily average volatility of 3.67%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PNA1V.HE) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Panostaja Oyj to open at 0.388€, and during the day (based on 14 day Average True Range), to move between 0.372€ and 0.408€, which gives a possible trading interval of +/-0.0184€ (+/-4.72%) up or down from last closing price. If Panostaja Oyj takes out the full calculated possible swing range there will be an estimated 9.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 0.392€ (0.51%) than the support at 0.369€ (5.38%), 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 Panostaja Oyj stock A Buy?

Panostaja 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.554 Sell Candidate Downgraded

Predicted Opening Price for Panostaja Oyj of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.