SRV Yhtiöt Oyj Stock Forecast
SRV Yhtiöt Oyj stock price ended at 6.24€ on Thursday, after losing 0.637%.
(Updated on Jun 06, 2024)
The SRV Yhtiöt Oyj stock price fell by -0.637% on the last day (Thursday, 6th Jun 2024) from 6.28€ to 6.24€. During the last trading day the stock fluctuated 4.25% from a day low at 6.12€ to a day high of 6.38€. The price has fallen in 5 of the last 10 days but is still up by 5.05% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 4 thousand shares were bought and sold for approximately 26.75€ thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 64.31% during the next 3 months and, with a 90% probability hold a price between 9.56€ and 11.83€ at the end of this 3-month period.
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SRV1V.HE Signals & Forecast
The SRV Yhtiöt Oyj stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 6.31€. On a fall, the stock will find some support from the long-term average at approximately 5.58€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, May 20, 2024, and so far it has fallen -5.45%. 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 SRV Yhtiöt Oyj stock
SRV Yhtiöt Oyj finds support from accumulated volume at 6.04€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.260€ between high and low, or 4.25%. For the last week the stock has had daily average volatility of 4.56%.
Our recommended stop-loss: 5.90€ (-5.47%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (SRV1V.HE) For The Upcoming Trading Day Of Friday 7th
For the upcoming trading day on Friday, 7th we expect SRV Yhtiöt Oyj to open at 6.25€, and during the day (based on 14 day Average True Range), to move between 5.96€ and 6.52€, which gives a possible trading interval of +/-0.278€ (+/-4.46%) up or down from last closing price. If SRV Yhtiöt Oyj takes out the full calculated possible swing range there will be an estimated 8.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 6.30€ (0.96%) than the support at 6.04€ (3.21%), 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 SRV Yhtiöt Oyj stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SRV Yhtiöt Oyj stock to perform well in the short-term.
Current score: 2.509 Buy Candidate Unchanged
Predicted Opening Price for SRV Yhtiöt Oyj of Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| 6.25€ ( 0.107%) | 6.24€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRV1V.HE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.51 | 4.27% |
| R2 | 6.41 | 2.68% |
| R1 | 6.35 | 1.70% |
| Price | 6.24 | |
| S1 | 6.15 | -1.48% |
| S2 | 6.09 | -2.47% |
| S3 | 5.99 | -4.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.54 | 4.81% |
| R2 | 6.46 | 3.53% |
| R1 | 6.30 | 0.96% |
| Price | 6.24 | |
| S1 | 6.04 | -3.21% |
| S2 | 4.99 | -20.03% |
| S3 | 4.89 | -21.63% |
SRV1V Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2018 | Mar 21, 2018 | Mar 21, 2018 | 1.10€ | 78.69% |
| 2 | Mar 24, 2017 | Mar 24, 2017 | Mar 24, 2017 | 1.83€ | 87.53% |
| 3 | Mar 23, 2016 | Mar 23, 2016 | Mar 23, 2016 | 1.83€ | 117.99% |
| 4 | Mar 26, 2015 | Mar 26, 2015 | Mar 26, 2015 | 1.82€ | 142.01% |
| 5 | Mar 27, 2014 | Mar 27, 2014 | Mar 27, 2014 | 1.82€ | 125.98% |
FAQ
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