Revenio Group Oyj Stock Forecast
Revenio Group Oyj stock price up 0.244% on Friday
(Updated on Apr 19, 2024)
The Revenio Group Oyj stock price gained 0.244% on the last trading day (Friday, 19th Apr 2024), rising from 24.60€ to 24.66€. During the last trading day the stock fluctuated 1.64% from a day low at 24.40€ to a day high of 24.80€. The price has been going up and down for this period, and there has been a -4.79% loss for the last 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 8 thousand shares were bought and sold for approximately 185.12€ 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 at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 24.60€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Revenio Group Oyj stock with a 90% probability to be traded between 24.45€ and 27.66€ 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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REG1V.HE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.244%. Further rise is indicated until a new top pivot has been found. 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. The Revenio Group Oyj 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 25.60€ and 25.74€. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Revenio Group Oyj stock
Revenio Group Oyj finds support from accumulated volume at 24.60€ 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 0.400€ between high and low, or 1.64%. For the last week the stock has had daily average volatility of 2.61%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (REG1V.HE) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Revenio Group Oyj to open at 24.62€, and during the day (based on 14 day Average True Range), to move between 23.92€ and 25.40€, which gives a possible trading interval of +/-0.741€ (+/-3.01%) up or down from last closing price. If Revenio Group Oyj takes out the full calculated possible swing range there will be an estimated 6.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 24.60€ (0.24%) than the resistance at 25.52€ (3.49%), 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
Revenio Group Oyj will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.160. We will update the financials statements for Revenio Group Oyj, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.53% in the first trading day after earnings release.
Is Revenio Group Oyj stock A Buy?
Revenio Group Oyj 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: -1.307 Sell Candidate Unchanged
Predicted Opening Price for Revenio Group Oyj of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| 24.62€ ( 0.162%) | 24.66€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REG1V.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.02 | 1.46 % | |
| R2 | 24.87 | 0.84 % | ||
| R1 | 24.77 | 0.457 % | ||
| Current price: | 24.66 | |||
| Support | S1 | 24.47 | -0.782 % | |
| S2 | 24.37 | -1.16 % | ||
| S3 | 24.22 | -1.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.94 | 13.30 % | |
| R2 | 26.90 | 9.08 % | ||
| R1 | 25.52 | 3.49 % | ||
| Current price | 24.66 | |||
| Support | S1 | 24.60 | -0.243% | |
| S2 | 24.50 | -0.649% | ||
| S3 | 0 | . |
REG1V Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | Apr 15, 2024 | 0.380€ | 1.45% |
| 2 | Mar 24, 2023 | Mar 24, 2023 | Mar 24, 2023 | 0.360€ | 1.02% |
| 3 | Apr 11, 2022 | Apr 11, 2022 | Apr 11, 2022 | 0.340€ | 0.723% |
| 4 | Mar 18, 2021 | Mar 18, 2021 | Mar 18, 2021 | 0.320€ | 0.585% |
| 5 | Jun 09, 2020 | Jun 09, 2020 | Jun 09, 2020 | 0.300€ | 1.16% |
FAQ
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