Panostaja Oyj Stock Forecast
Red day on Friday for Panostaja Oyj
(Updated on Jun 28, 2024)
The Panostaja Oyj stock price fell by -3.08% on the last day (Friday, 28th Jun 2024) from 0.390€ to 0.378€. During the last trading day the stock fluctuated 5.41% from a day low at 0.370€ to a day high of 0.390€. The price has been going up and down for this period, and there has been a -2.33% loss for the last 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 -648 shares and in total, 5 thousand shares were bought and sold for approximately 1.77€ thousand.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 0.378€. A reaction back to this level may hold a second chance to get out before further falls.
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PNA1V.HE Signals & Forecast
There are few to no technical positive signals at the moment. The Panostaja 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 0.385€ and 0.389€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -6.90%. 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. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Wednesday, June 12, 2024 and based on theory for this formation the price should fall by -3.97% to 0.363€ within 30 trading days since signal was issued (Thursday, July 25, 2024).
Support, Risk & Stop-loss for Panostaja Oyj stock
Panostaja Oyj finds support from accumulated volume at 0.373€ 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 controlled movements and therefore the general risk is considered 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 0.0200€ between high and low, or 5.41%. For the last week the stock has had daily average volatility of 5.08%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Panostaja Oyj to open at 0.379€, and during the day (based on 14 day Average True Range), to move between 0.358€ and 0.398€, which gives a possible trading interval of +/-0.0196€ (+/-5.18%) up or down from last closing price. If Panostaja Oyj takes out the full calculated possible swing range there will be an estimated 10.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 0.373€ (1.32%) than the resistance at 0.390€ (3.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Panostaja Oyj stock A Buy?
The Panostaja Oyj stock holds several negative signals and despite the positive trend, we believe Panostaja Oyj will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.846 Sell Candidate Unchanged
Predicted Opening Price for Panostaja Oyj of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 0.379€ ( 0.353%) | 0.378€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PNA1V.HE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.399 | 5.64% |
| R2 | 0.392 | 3.62% |
| R1 | 0.387 | 2.37% |
| Price | 0.378 | |
| S1 | 0.372 | -1.67% |
| S2 | 0.367 | -2.92% |
| S3 | 0.359 | -4.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.400 | 5.82% |
| R2 | 0.392 | 3.70% |
| R1 | 0.390 | 3.17% |
| Price | 0.378 | |
| S1 | 0.373 | -1.32% |
| S2 | 0.369 | -2.38% |
| S3 | 0.365 | -3.44% |
PNA1V Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2023 | Feb 08, 2023 | Feb 08, 2023 | 0.0300€ | 4.45% |
| 2 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | 0.0500€ | 7.69% |
| 3 | Feb 08, 2022 | Feb 08, 2022 | Feb 08, 2022 | 0.0300€ | 4.23% |
| 4 | Feb 08, 2021 | Feb 08, 2021 | Feb 08, 2021 | 0.0300€ | 3.83% |
| 5 | Feb 07, 2020 | Feb 07, 2020 | Feb 07, 2020 | 0.0500€ | 5.42% |
FAQ
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