Raute Oyj Stock Forecast
Raute Oyj stock price up 1.12% on Tuesday
(Updated on Jul 02, 2024)
The Raute Oyj stock price gained 1.12% on the last trading day (Tuesday, 2nd Jul 2024), rising from 13.45€ to 13.60€. During the last trading day the stock fluctuated 3.42% from a day low at 13.15€ to a day high of 13.60€. The price has risen in 5 of the last 10 days and is up by 18.26% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 4 thousand shares were bought and sold for approximately 48.97€ 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 lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.36% during the next 3 months and, with a 90% probability hold a price between 15.01€ and 17.74€ at the end of this 3-month period.
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RAUTE.HE Signals & Forecast
The Raute 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 13.56€ and 11.80€. 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 Tuesday, June 25, 2024, and so far it has fallen -1.45%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Raute Oyj stock
Raute Oyj finds support from accumulated volume at 13.35€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.450€ between high and low, or 3.42%. For the last week the stock has had daily average volatility of 3.65%.
Our recommended stop-loss: 13.14€ (-3.37%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (RAUTE.HE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Raute Oyj to open at 13.45€, and during the day (based on 14 day Average True Range), to move between 13.14€ and 14.06€, which gives a possible trading interval of +/-0.457€ (+/-3.36%) up or down from last closing price. If Raute Oyj takes out the full calculated possible swing range there will be an estimated 6.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 13.75€ (1.10%) than the support at 13.35€ (1.84%), 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 Raute Oyj stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Raute Oyj stock to perform well in the short-term.
Current score: 4.236 Buy Candidate Unchanged
Predicted Opening Price for Raute Oyj of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 13.45€ ( 1.10%) | 13.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RAUTE.HE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.90 | 2.21% |
| R2 | 13.73 | 0.94% |
| R1 | 13.62 | 0.161% |
| Price | 13.60 | |
| S1 | 13.28 | -2.37% |
| S2 | 13.17 | -3.15% |
| S3 | 13.00 | -4.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 13.80 | 1.47% |
| R1 | 13.75 | 1.10% |
| Price | 13.60 | |
| S1 | 13.35 | -1.84% |
| S2 | 11.30 | -16.91% |
| S3 | 10.90 | -19.85% |
RAUTE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | Apr 15, 2024 | 1.10€ | 10.33% |
| 2 | Apr 01, 2022 | Apr 01, 2022 | Apr 01, 2022 | 0.80€ | 5.04% |
| 3 | Apr 01, 2021 | Apr 01, 2021 | Apr 01, 2021 | 0.80€ | 3.81% |
| 4 | Apr 01, 2020 | Apr 01, 2020 | Apr 01, 2020 | 1.45€ | 7.58% |
| 5 | Apr 03, 2019 | Apr 03, 2019 | Apr 03, 2019 | 1.40€ | 5.46% |
FAQ
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