Tieto Oyj Stock Forecast
Tieto Oyj stock price up 0.668% on Friday
(Updated on May 03, 2024)
The Tieto Oyj stock price gained 0.668% on the last trading day (Friday, 3rd May 2024), rising from kr209.60 to kr211.00. During the last trading day the stock fluctuated 1.62% from a day low at kr209.60 to a day high of kr213.00. The price has risen in 6 of the last 10 days but is still down by -3.65% for this period. Volume fell on the last day by -6 thousand shares and in total, 4 thousand shares were bought and sold for approximately kr830.50 thousand. 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 -15.58% during the next 3 months and, with a 90% probability hold a price between kr168.22 and kr185.49 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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TIETOS.ST Signals & Forecast
There are mixed signals in the stock today. The Tieto Oyj stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr220.68. On a fall, the stock will find some support from the short-term average at kr209.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 4.15%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Tieto Oyj stock
Tieto Oyj finds support from accumulated volume at kr209.20 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr3.40 between high and low, or 1.62%. For the last week the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TIETOS.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Tieto Oyj to open at kr211.20, and during the day (based on 14 day Average True Range), to move between kr206.80 and kr215.20, which gives a possible trading interval of +/-kr4.20 (+/-1.99%) up or down from last closing price. If Tieto Oyj takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr209.20 (0.85%) than the resistance at kr225.60 (6.92%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.899 Sell Candidate Unchanged
Predicted Opening Price for Tieto Oyj of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr211.20 ( 0.0948%) | kr211.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIETOS.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 214.60 | 1.71 % | |
| R2 | 213.30 | 1.09 % | ||
| R1 | 212.50 | 0.710 % | ||
| Current price: | 211.00 | |||
| Support | S1 | 209.90 | -0.521 % | |
| S2 | 209.10 | -0.90 % | ||
| S3 | 207.80 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 247.00 | 17.06 % | |
| R2 | 246.40 | 16.78 % | ||
| R1 | 225.60 | 6.92 % | ||
| Current price | 211.00 | |||
| Support | S1 | 209.20 | -0.85% | |
| S2 | 207.00 | -1.90% | ||
| S3 | 202.60 | -3.98% |
TIETOS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 20, 2024 | Sep 20, 2024 | Oct 03, 2024 | kr8.31 | 3.95% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Apr 03, 2024 | kr8.31 | 3.70% |
| 3 | Mar 24, 2023 | Mar 24, 2023 | Mar 24, 2023 | kr0.725 | 0.233% |
| 4 | Sep 23, 2022 | Sep 23, 2022 | Sep 23, 2022 | kr0.700 | 0.278% |
| 5 | Mar 25, 2022 | Mar 25, 2022 | Mar 25, 2022 | kr0.700 | 0.283% |
FAQ
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