Raute Oyj Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Raute Oyj
(Updated on May 17, 2024)
No changes to the price of Raute Oyj stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 2.26% from a day low at 11.05€ to a day high of 11.30€. The price has risen in 5 of the last 10 days and is up by 10.78% over the past 2 weeks.
The stock has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 11.30€ is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach 12.60€ sometime during the next 3 months.
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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 11.19€ and 10.56€. 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 Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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 11.25€ 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 0.250€ between high and low, or 2.26%. For the last week the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: 10.91€ (-3.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (RAUTE.HE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Raute Oyj to open at 11.22€, and during the day (based on 14 day Average True Range), to move between 11.01€ and 11.59€, which gives a possible trading interval of +/-0.286€ (+/-2.54%) up or down from last closing price. If Raute Oyj takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 11.25€, some 0.0500€ (0.44%) from the current price of 11.30€, our system finds the risk reward attractive.
Is Raute Oyj stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. 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 period.
Current score: 1.482 Buy Candidate Unchanged
Predicted Opening Price for Raute Oyj of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 11.22€ ( 0.737%) | 11.30€ |
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 | 11.47 | 1.47 % | |
| R2 | 11.37 | 0.630 % | ||
| R1 | 11.31 | 0.108 % | ||
| Current price: | 11.30 | |||
| Support | S1 | 11.12 | -1.58 % | |
| S2 | 11.06 | -2.10 % | ||
| S3 | 10.97 | -2.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 11.30 | |||
| Support | S1 | 11.25 | -0.442% | |
| S2 | 10.50 | -7.08% | ||
| S3 | 10.40 | -7.96% |
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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