Sampo 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
Sampo Oyj stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 27, 2024)
The Sampo Oyj stock price gained 0.369% on the last trading day (Monday, 27th May 2024), rising from 40.65€ to 40.80€. During the last trading day the stock fluctuated 0.565% from a day low at 40.71€ to a day high of 40.94€. The price has risen in 6 of the last 10 days and is up by 2.62% over the past 2 weeks. Volume fell on the last day by -75 thousand shares and in total, 345 thousand shares were bought and sold for approximately 14.06€ 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.
Given the current short-term trend, the stock is expected to fall -2.84% during the next 3 months and, with a 90% probability hold a price between 36.24€ and 39.64€ 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 40.59€ and 39.53€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 8.51%. 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). 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. 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 0.230€ between high and low, or 0.565%. For the last week, the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: 39.55€ (-3.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 64 days ago.)
Trading Expectations (SAMPO.HE) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Sampo Oyj to open at 40.82€, and during the day (based on 14 day Average True Range), to move between 40.22€ and 41.38€, which gives a possible trading interval of +/-0.583€ (+/-1.43%) up or down from last closing price. If Sampo Oyj takes out the full calculated possible swing range there will be an estimated 2.86% 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€ (0.21%) than the support at 39.85€ (2.33%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.752 Hold/Accumulate Upgraded
Predicted Opening Price for Sampo Oyj of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| 40.82€ ( 0.0408%) | 40.80€ |
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 | 41.05 | 0.605 % | |
| R2 | 40.96 | 0.389 % | ||
| R1 | 40.90 | 0.256 % | ||
| Current price: | 40.80 | |||
| Support | S1 | 40.73 | -0.174 % | |
| S2 | 40.67 | -0.308 % | ||
| S3 | 40.59 | -0.523 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.37 | 1.40 % | |
| R2 | 41.00 | 0.490 % | ||
| R1 | 40.89 | 0.208 % | ||
| Current price | 40.80 | |||
| Support | S1 | 39.85 | -2.33% | |
| S2 | 39.57 | -3.01% | ||
| S3 | 37.66 | -7.70% |
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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