Raisio plc Stock Forecast
Red day on Thursday for Raisio plc stock after losing 1.36%
(Updated on Apr 25, 2024)
The Raisio plc stock price fell by -1.36% on the last day (Thursday, 25th Apr 2024) from 1.91€ to 1.88€. During the last trading day the stock fluctuated 1.70% from a day low at 1.88€ to a day high of 1.91€. The price has been going up and down for this period, and there has been a -1.67% loss for the last 2 weeks. Volume has increased on the last day by 127 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, 200 thousand shares were bought and sold for approximately 376.87€ thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.80% during the next 3 months and, with a 90% probability hold a price between 1.75€ and 2.05€ at the end of this 3-month period.
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RAIVV.HE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.749%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Raisio plc 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 1.89€ and 1.95€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Raisio plc 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".
Support, Risk & Stop-loss for Raisio plc stock
Raisio plc finds support from accumulated volume at 1.87€ 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 0.0320€ between high and low, or 1.70%. For the last week, the stock has had daily average volatility of 1.40%.
Raisio plc is oversold on RSI14 (17). 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 (RAIVV.HE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Raisio plc to open at 1.89€, and during the day (based on 14 day Average True Range), to move between 1.84€ and 1.92€, which gives a possible trading interval of +/-0.0394€ (+/-2.09%) up or down from last closing price. If Raisio plc takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 1.87€ (0.43%) than the resistance at 1.91€ (1.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Raisio plc stock A Buy?
Raisio plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.750 Sell Candidate Unchanged
Predicted Opening Price for Raisio plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| 1.89€ ( 0.496%) | 1.88€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RAIVV.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.92 | 2.20 % | |
| R2 | 1.91 | 1.55 % | ||
| R1 | 1.90 | 1.15 % | ||
| Current price: | 1.88 | |||
| Support | S1 | 1.88 | -0.154 % | |
| S2 | 1.87 | -0.555 % | ||
| S3 | 1.86 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.11 | 12.11 % | |
| R2 | 1.94 | 3.08 % | ||
| R1 | 1.91 | 1.38 % | ||
| Current price | 1.88 | |||
| Support | S1 | 1.87 | -0.425% | |
| S2 | 1.86 | -1.06% | ||
| S3 | 1.85 | -1.49% |
RAIVV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 10, 2024 | Apr 10, 2024 | Apr 18, 2024 | 0.140€ | 7.45% |
| 2 | Mar 25, 2024 | Mar 25, 2024 | Apr 18, 2024 | 0.140€ | 7.45% |
| 3 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | 0.0600€ | 2.52% |
| 4 | Apr 13, 2022 | Apr 13, 2022 | Apr 13, 2022 | 0.0400€ | 1.67% |
| 5 | Apr 14, 2021 | Apr 14, 2021 | Apr 14, 2021 | 0.130€ | 3.04% |
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