Sampo Oyj Stock Forecast
Green day on Friday for Sampo Oyj
(Updated on May 17, 2024)
The Sampo Oyj stock price gained 0.229% on the last trading day (Friday, 17th May 2024), rising from $21.92 to $21.97. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.502% from a day low at $21.91 to a day high of $22.02. The price has risen in 8 of the last 10 days and is up by 8.6% 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, 1 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately $442.85 thousand.
Given the current short-term trend, the stock is expected to fall -7.01% during the next 3 months and, with a 90% probability hold a price between $18.40 and $20.43 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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SAXPY Signals & Forecast
Mostly positive signals in the chart today. 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 $21.44 and $21.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 9.14%. 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). Sampo 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Sampo Oyj stock
Sampo Oyj finds support from accumulated volume at $21.76 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 $0.110 between high and low, or 0.502%. For the last week, the stock has had daily average volatility of 0.487%.
Our recommended stop-loss: $21.02 (-4.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (SAXPY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Sampo Oyj to open at $21.97, and during the day (based on 14 day Average True Range), to move between $21.58 and $22.36, which gives a possible trading interval of +/-$0.389 (+/-1.77%) up or down from last closing price. If Sampo Oyj takes out the full calculated possible swing range there will be an estimated 3.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.03 (0.27%) than the support at $21.76 (0.96%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.256 Buy Candidate Unchanged
Predicted Opening Price for Sampo Oyj of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $21.97 ( 0.0155%) | $21.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAXPY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.08 | 0.485 % | |
| R2 | 22.03 | 0.294 % | ||
| R1 | 22.01 | 0.176 % | ||
| Current price: | 21.97 | |||
| Support | S1 | 21.92 | -0.207 % | |
| S2 | 21.90 | -0.325 % | ||
| S3 | 21.86 | -0.516 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.34 | 1.68 % | |
| R2 | 22.12 | 0.682 % | ||
| R1 | 22.03 | 0.273 % | ||
| Current price | 21.97 | |||
| Support | S1 | 21.76 | -0.96% | |
| S2 | 21.47 | -2.28% | ||
| S3 | 21.15 | -3.73% |
SAXPY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 22, 2024 | $0.96 | 4.39% |
| 2 | Oct 22, 2023 | Oct 27, 2023 | Nov 06, 2023 | $1.88 | 9.46% |
| 3 | May 17, 2023 | May 19, 2023 | Jun 15, 2023 | $1.43 | 6.14% |
| 4 | May 14, 2022 | May 19, 2022 | Jun 15, 2022 | $2.23 | 10.20% |
| 5 | Apr 22, 2021 | May 20, 2021 | Jun 14, 2021 | $1.02 | 4.34% |
FAQ
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