Raisio plc Stock Forecast
Raisio plc stock price up 0.412% on Friday
(Updated on May 03, 2024)
The Raisio plc stock price gained 0.412% on the last trading day (Friday, 3rd May 2024), rising from 1.94€ to 1.95€. During the last trading day the stock fluctuated 0.723% from a day low at 1.94€ to a day high of 1.95€. The price has risen in 6 of the last 10 days and is up by 3.4% over the past 2 weeks. Volume fell on the last day by -31 thousand shares and in total, 74 thousand shares were bought and sold for approximately 143.82€ 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.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Raisio plc stock with a 90% probability to be traded between 1.82€ and 2.10€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RAIVV.HE Signals & Forecast
There are mixed signals in the stock today. The Raisio plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 1.95€. On a fall, the stock will find some support from the short-term average at 1.92€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.28%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Raisio plc stock
Raisio plc finds support from accumulated volume at 1.94€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.0140€ between high and low, or 0.723%. For the last week the stock has had daily average volatility of 1.49%.
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect Raisio plc to open at 1.94€, and during the day (based on 14 day Average True Range), to move between 1.91€ and 1.98€, which gives a possible trading interval of +/-0.0363€ (+/-1.86%) up or down from last closing price. If Raisio plc takes out the full calculated possible swing range there will be an estimated 3.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 1.94€ (0.41%) than the resistance at 2.07€ (6.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Raisio plc will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0400. We will update the financials statements for Raisio plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.43% in the first trading day after earnings release.
Is Raisio plc stock A Buy?
Raisio plc 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.
Current score: -2.060 Sell Candidate Unchanged
Predicted Opening Price for Raisio plc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 1.94€ ( 0.171%) | 1.95€ |
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 | 1.96 | 0.548 % | |
| R2 | 1.95 | 0.273 % | ||
| R1 | 1.95 | 0.103 % | ||
| Current price: | 1.95 | |||
| Support | S1 | 1.94 | -0.446 % | |
| S2 | 1.94 | -0.615 % | ||
| S3 | 1.93 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.12 | 8.57 % | |
| R2 | 2.11 | 8.32 % | ||
| R1 | 2.07 | 6.01 % | ||
| Current price | 1.95 | |||
| Support | S1 | 1.94 | -0.411% | |
| S2 | 1.87 | -3.80% | ||
| S3 | 1.86 | -4.41% |
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% |
FAQ
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