Siili Solutions Oyj Stock Forecast

Red day on Tuesday for Siili Solutions Oyj
(Updated on Apr 30, 2024)

SIILI.HE Signals & Forecast

There are few to no technical positive signals at the moment. The Siili Solutions 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 8.73€ and 9.15€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -12.58%. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Siili Solutions Oyj stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 0.120€ between high and low, or 1.46%. For the last week the stock has had daily average volatility of 4.15%.

Siili Solutions Oyj is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SIILI.HE) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Siili Solutions Oyj to open at 8.24€, and during the day (based on 14 day Average True Range), to move between 7.98€ and 8.42€, which gives a possible trading interval of +/-0.219€ (+/-2.67%) up or down from last closing price. If Siili Solutions Oyj takes out the full calculated possible swing range there will be an estimated 5.35% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ 9.20€, some 1.00€ (12.20%) from the current price of 8.20€, our system finds the risk reward not very attractive.

Is Siili Solutions Oyj stock A Buy?

Siili Solutions Oyj holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.175 Sell Candidate Unchanged

Predicted Opening Price for Siili Solutions Oyj of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.