Suominen 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
Suominen Oyj stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on May 03, 2024)
The Suominen Oyj stock price gained 2.40% on the last trading day (Friday, 3rd May 2024), rising from 2.50€ to 2.56€. During the last trading day the stock fluctuated 7.57% from a day low at 2.51€ to a day high of 2.70€. The price has fallen in 6 of the last 10 days and is down by -5.88% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 376 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately 4.99€ thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 2.50€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Suominen Oyj stock with a 90% probability to be traded between 2.48€ and 2.82€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SUY1V.HE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.40%. Further rise is indicated until a new top pivot has been found. Suominen 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Suominen 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 2.59€ and 2.71€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Suominen Oyj stock
Suominen Oyj finds support from accumulated volume at 2.50€ 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 0.190€ between high and low, or 7.57%. For the last week, the stock has had daily average volatility of 3.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SUY1V.HE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Suominen Oyj to open at 2.59€, and during the day (based on 14 day Average True Range), to move between 2.47€ and 2.65€, which gives a possible trading interval of +/-0.0883€ (+/-3.45%) up or down from last closing price. If Suominen Oyj takes out the full calculated possible swing range there will be an estimated 6.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 2.50€ (2.34%) than the resistance at 2.65€ (3.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Suominen Oyj will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Suominen Oyj, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.85% in the first trading day after earnings release.
Is Suominen Oyj stock A Buy?
Suominen Oyj holds several negative signals and is within a wide and 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.596 Sell Candidate Upgraded
Predicted Opening Price for Suominen Oyj of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 2.59€ ( 1.17%) | 2.56€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SUY1V.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.78 | 8.59 % | |
| R2 | 2.71 | 5.76 % | ||
| R1 | 2.66 | 4.01 % | ||
| Current price: | 2.56 | |||
| Support | S1 | 2.52 | -1.66 % | |
| S2 | 2.47 | -3.41 % | ||
| S3 | 2.40 | -6.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.72 | 6.25 % | |
| R2 | 2.71 | 5.86 % | ||
| R1 | 2.65 | 3.52 % | ||
| Current price | 2.56 | |||
| Support | S1 | 2.50 | -2.34% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SUY1V Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | Apr 05, 2024 | 0€ | 0% |
| 2 | Apr 04, 2023 | Apr 04, 2023 | Apr 04, 2023 | 0.100€ | 3.33% |
| 3 | Mar 25, 2022 | Mar 25, 2022 | Mar 25, 2022 | 0.200€ | 5.80% |
| 4 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | 0.200€ | 3.46% |
| 5 | Mar 20, 2020 | Mar 20, 2020 | Mar 20, 2020 | 0.0500€ | 2.38% |
FAQ
Click here for our free guide on how to buy Suominen Oyj Stock.
