Saga Furs Oyj Stock Forecast
High volatility in Saga Furs Oyj stock price on Thursday which ended trading at 10.60€
(Updated on May 02, 2024)
The Saga Furs Oyj stock price gained 1.92% on the last trading day (Thursday, 2nd May 2024), rising from 10.40€ to 10.60€. During the last trading day the stock fluctuated 14.59% from a day low at 9.25€ to a day high of 10.60€. The price has risen in 5 of the last 10 days and is up by 0.95% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 602 more shares were traded than the day before. In total, 974 shares were bought and sold for approximately 10.32€ 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 -5.50% during the next 3 months and, with a 90% probability hold a price between 9.52€ and 11.69€ at the end of this 3-month period.
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SAGCV.HE Signals & Forecast
There are mixed signals in the stock today. The Saga Furs 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 10.63€ and 10.70€. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 4.95%. 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). Saga Furs Oyj has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Saga Furs Oyj stock
Saga Furs Oyj finds support from accumulated volume at 10.50€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.35€ between high and low, or 14.59%. For the last week the stock has had daily average volatility of 5.65%.
Our recommended stop-loss: 10.16€ (-4.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (SAGCV.HE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Saga Furs Oyj to open at 10.15€, and during the day (based on 14 day Average True Range), to move between 10.20€ and 11.00€, which gives a possible trading interval of +/-0.402€ (+/-3.79%) up or down from last closing price. If Saga Furs Oyj takes out the full calculated possible swing range there will be an estimated 7.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 10.65€ (0.47%) than the support at 10.50€ (0.94%), 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 Saga Furs Oyj stock A Buy?
Saga Furs 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: -0.007 Hold/Accumulate Unchanged
Predicted Opening Price for Saga Furs Oyj of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 10.15€ ( 4.25%) | 10.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAGCV.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.50 | 8.49 % | |
| R2 | 10.98 | 3.63 % | ||
| R1 | 10.67 | 0.620 % | ||
| Current price: | 10.60 | |||
| Support | S1 | 9.63 | -9.11 % | |
| S2 | 9.32 | -12.12 % | ||
| S3 | 8.80 | -16.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.45 | 8.02 % | |
| R2 | 11.20 | 5.66 % | ||
| R1 | 10.65 | 0.472 % | ||
| Current price | 10.60 | |||
| Support | S1 | 10.50 | -0.94% | |
| S2 | 10.40 | -1.89% | ||
| S3 | 10.25 | -3.30% |
SAGCV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2023 | May 02, 2023 | May 02, 2023 | 0.140€ | 1.22% |
| 2 | May 02, 2022 | May 02, 2022 | May 02, 2022 | 1.28€ | 9.85% |
| 3 | Apr 29, 2019 | Apr 29, 2019 | Apr 29, 2019 | 0.500€ | 4.07% |
| 4 | Oct 09, 2017 | Oct 09, 2017 | Oct 09, 2017 | 0.300€ | 1.86% |
| 5 | Apr 28, 2017 | Apr 28, 2017 | Apr 28, 2017 | 0.200€ | 1.14% |
FAQ
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