Sampo Oyj Stock Forecast
Sampo Oyj stock price ended at 40.65€ on Friday, after gaining 0.470%.
(Updated on May 24, 2024)
The Sampo Oyj stock price gained 0.470% on the last trading day (Friday, 24th May 2024), rising from 40.46€ to 40.65€. During the last trading day the stock fluctuated 1.19% from a day low at 40.34€ to a day high of 40.82€. The price has risen in 6 of the last 10 days and is up by 3.09% over the past 2 weeks. Volume fell on the last day by -107 thousand shares and in total, 420 thousand shares were bought and sold for approximately 17.07€ million. 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 the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 40.70€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.54% during the next 3 months and, with a 90% probability hold a price between 35.93€ and 39.25€ 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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SAMPO.HE Signals & Forecast
The Sampo 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 40.55€ and 39.48€. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, May 21, 2024, and so far it has fallen -0.294%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, April 19, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, April 19, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Sampo Oyj stock
Sampo Oyj finds support from accumulated volume at 39.85€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.480€ between high and low, or 1.19%. For the last week, the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAMPO.HE) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Sampo Oyj to open at 40.60€, and during the day (based on 14 day Average True Range), to move between 40.04€ and 41.26€, which gives a possible trading interval of +/-0.605€ (+/-1.49%) up or down from last closing price. If Sampo Oyj takes out the full calculated possible swing range there will be an estimated 2.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 40.89€ (0.58%) than the support at 39.85€ (1.97%), 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 Sampo Oyj stock A Buy?
Sampo 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: -1.255 Sell Candidate Unchanged
Predicted Opening Price for Sampo Oyj of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| 40.60€ ( 0.115%) | 40.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAMPO.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.08 | 1.07 % | |
| R2 | 40.90 | 0.615 % | ||
| R1 | 40.79 | 0.336 % | ||
| Current price: | 40.65 | |||
| Support | S1 | 40.42 | -0.566 % | |
| S2 | 40.31 | -0.84 % | ||
| S3 | 40.12 | -1.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.37 | 1.77 % | |
| R2 | 41.00 | 0.86 % | ||
| R1 | 40.89 | 0.578 % | ||
| Current price | 40.65 | |||
| Support | S1 | 39.85 | -1.97% | |
| S2 | 39.57 | -2.66% | ||
| S3 | 37.66 | -7.36% |
SAMPO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 07, 2024 | 1.80€ | 4.78% |
| 2 | May 19, 2023 | May 19, 2023 | May 19, 2023 | 0.80€ | 1.86% |
| 3 | May 19, 2022 | May 19, 2022 | May 19, 2022 | 2.00€ | 4.74% |
| 4 | May 20, 2021 | May 20, 2021 | May 20, 2021 | 1.70€ | 4.33% |
| 5 | Jun 03, 2020 | Jun 03, 2020 | Jun 03, 2020 | 1.50€ | 4.53% |
FAQ
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