Tieto Oyj Stock Forecast
Green day on Thursday for Tieto Oyj
(Updated on May 02, 2024)
The Tieto Oyj stock price gained 1.30% on the last trading day (Thursday, 2nd May 2024), rising from 17.74€ to 17.97€. During the last trading day the stock fluctuated 1.58% from a day low at 17.69€ to a day high of 17.97€. The price has risen in 6 of the last 10 days but is still down by -3.75% for this period. Volume fell on the last day by -59 thousand shares and in total, 286 thousand shares were bought and sold for approximately 5.13€ 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.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.89% during the next 3 months and, with a 90% probability hold a price between 13.83€ and 15.41€ 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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TIETO.HE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.57%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tieto 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 18.06€ and 19.25€. 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 Tieto Oyj stock
Tieto Oyj finds support from accumulated volume at 17.77€ 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 0.280€ between high and low, or 1.58%. For the last week, the stock has had daily average volatility of 2.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TIETO.HE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Tieto Oyj to open at 17.88€, and during the day (based on 14 day Average True Range), to move between 17.58€ and 18.36€, which gives a possible trading interval of +/-0.385€ (+/-2.15%) up or down from last closing price. If Tieto Oyj takes out the full calculated possible swing range there will be an estimated 4.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 17.77€ (1.11%) than the resistance at 21.54€ (19.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tieto Oyj stock A Buy?
Tieto 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.
Current score: -2.047 Sell Candidate Unchanged
Predicted Opening Price for Tieto Oyj of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 17.88€ ( 0.519%) | 17.97€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIETO.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.16 | 1.04 % | |
| R2 | 18.05 | 0.444 % | ||
| R1 | 17.98 | 0.0758 % | ||
| Current price: | 17.97 | |||
| Support | S1 | 17.77 | -1.11 % | |
| S2 | 17.70 | -1.48 % | ||
| S3 | 17.60 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.10 | 22.98 % | |
| R2 | 22.04 | 22.65 % | ||
| R1 | 21.54 | 19.87 % | ||
| Current price | 17.97 | |||
| Support | S1 | 17.77 | -1.11% | |
| S2 | 17.74 | -1.28% | ||
| S3 | 17.35 | -3.45% |
TIETO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 20, 2024 | Sep 20, 2024 | Oct 03, 2024 | 0.735€ | 4.09% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Apr 03, 2024 | 0.735€ | 3.75% |
| 3 | Mar 24, 2023 | Mar 24, 2023 | Mar 24, 2023 | 0.725€ | 2.62% |
| 4 | Sep 23, 2022 | Sep 23, 2022 | Sep 23, 2022 | 0.700€ | 3.06% |
| 5 | Mar 25, 2022 | Mar 25, 2022 | Mar 25, 2022 | 0.700€ | 2.94% |
FAQ
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