Tieto Oyj Stock Forecast

Tieto Oyj stock price ended at 19.69€ on Monday, after gaining 0.510%.
(Updated on May 20, 2024)

TIETO.HE Signals & Forecast

The Tieto 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 19.24€ and 18.88€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 13.49%. 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). 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.

Support, Risk & Stop-loss for Tieto Oyj stock

Tieto Oyj finds support from accumulated volume at 19.54€ 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 0.97%. For the last week, the stock has had daily average volatility of 1.83%.

The Tieto Oyj stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 19.16€ (-2.70%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 90 and this increases the risk substantially. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (TIETO.HE) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Tieto Oyj to open at 19.69€, and during the day (based on 14 day Average True Range), to move between 19.34€ and 20.04€, which gives a possible trading interval of +/-0.351€ (+/-1.78%) up or down from last closing price. If Tieto Oyj takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 19.54€ (0.76%) than the resistance at 20.22€ (2.69%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.880 Hold/Accumulate Unchanged

Predicted Opening Price for Tieto Oyj of Tuesday, May 21, 2024

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