Raute Oyj Stock Forecast
Raute Oyj stock price ended at 10.20€ on Thursday, after gaining 0.99%.
(Updated on May 02, 2024)
The Raute Oyj stock price gained 0.99% on the last trading day (Thursday, 2nd May 2024), rising from 10.10€ to 10.20€. During the last trading day the stock fluctuated 3.50% from a day low at 10.00€ to a day high of 10.35€. The price has fallen in 5 of the last 10 days and is down by -3.32% for this period. Volume fell on the last day by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately 26.94€ 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 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 -8.40% during the next 3 months and, with a 90% probability hold a price between 9.10€ and 9.86€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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RAUTE.HE Signals & Forecast
There are mixed signals in the stock today. The Raute Oyj 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 10.39€. On a fall, the stock will find some support from the short-term average at 10.16€. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.00%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Raute Oyj stock
Raute Oyj finds support from accumulated volume at 10.15€ 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 very controlled movements and therefore the general risk is considered very 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 0.350€ between high and low, or 3.50%. For the last week the stock has had daily average volatility of 3.04%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RAUTE.HE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Raute Oyj to open at 10.18€, and during the day (based on 14 day Average True Range), to move between 9.94€ and 10.46€, which gives a possible trading interval of +/-0.265€ (+/-2.60%) up or down from last closing price. If Raute Oyj takes out the full calculated possible swing range there will be an estimated 5.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 10.15€ (0.49%) than the resistance at 10.50€ (2.94%), 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
Raute Oyj will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.280. We will update the financials statements for Raute Oyj, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.73% in the first trading day after earnings release.
Is Raute Oyj stock A Buy?
Raute 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.
Current score: -2.393 Sell Candidate Unchanged
Predicted Opening Price for Raute Oyj of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
10.18€ ( 0.163%) | 10.20€ |
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 | |||
---|---|---|---|---|
Resistance | R3 | 10.53 | 3.27 % | |
R2 | 10.40 | 1.96 % | ||
R1 | 10.32 | 1.15 % | ||
Current price: | 10.20 | |||
Support | S1 | 10.05 | -1.47 % | |
S2 | 9.97 | -2.28 % | ||
S3 | 9.83 | -3.59 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.65 | 14.22 % | |
R2 | 10.95 | 7.35 % | ||
R1 | 10.50 | 2.94 % | ||
Current price | 10.20 | |||
Support | S1 | 10.15 | -0.490% | |
S2 | 10.10 | -0.98% | ||
S3 | 10.00 | -1.96% |
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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