Revenio Group 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 Thursday for Revenio Group Oyj stock after losing 1.53%
(Updated on May 02, 2024)
The Revenio Group Oyj stock price fell by -1.53% on the last day (Thursday, 2nd May 2024) from 26.20€ to 25.80€. During the last trading day the stock fluctuated 3.05% from a day low at 25.56€ to a day high of 26.34€. The price has risen in 6 of the last 10 days and is up by 1.74% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 12 thousand shares were bought and sold for approximately 320.28€ thousand.
The stock lies in the middle of a wide and 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 -2.78% during the next 3 months and, with a 90% probability hold a price between 23.15€ and 26.50€ at the end of this 3-month period.
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REG1V.HE Signals & Forecast
The Revenio Group Oyj stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 25.36€ and 25.58€. A breakdown below any of these levels will issue sell signals. 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, April 30, 2024, and so far it has fallen -1.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Revenio Group Oyj stock
Revenio Group Oyj finds support from accumulated volume at 25.60€ 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 0.780€ between high and low, or 3.05%. For the last week the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: 24.60€ (-4.66%) (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 (REG1V.HE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Revenio Group Oyj to open at 25.90€, and during the day (based on 14 day Average True Range), to move between 24.97€ and 26.63€, which gives a possible trading interval of +/-0.83€ (+/-3.21%) up or down from last closing price. If Revenio Group Oyj takes out the full calculated possible swing range there will be an estimated 6.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 25.60€ (0.78%) than the resistance at 26.90€ (4.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Revenio Group Oyj stock A Buy?
Revenio Group Oyj holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.134 Hold/Accumulate Unchanged
Predicted Opening Price for Revenio Group Oyj of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 25.90€ ( 0.388%) | 25.80€ |
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 | 26.68 | 3.41 % | |
| R2 | 26.38 | 2.26 % | ||
| R1 | 26.20 | 1.54 % | ||
| Current price: | 25.80 | |||
| Support | S1 | 25.60 | -0.767 % | |
| S2 | 25.42 | -1.48 % | ||
| S3 | 25.12 | -2.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.94 | 8.29 % | |
| R2 | 27.02 | 4.73 % | ||
| R1 | 26.90 | 4.26 % | ||
| Current price | 25.80 | |||
| Support | S1 | 25.60 | -0.775% | |
| S2 | 25.36 | -1.71% | ||
| S3 | 24.50 | -5.04% |
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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