Tieto Oyj Stock Forecast

Tieto Oyj stock price up 0.351% on Friday
(Updated on May 17, 2024)

TIETOS.ST Signals & Forecast

Mostly positive signals in the chart today. 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 kr222.00 and kr218.99. 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 12.83%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Tieto Oyj stock

Tieto Oyj finds support from accumulated volume at kr225.60 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 kr1.80 between high and low, or 0.793%. For the last week, the stock has had daily average volatility of 1.92%.

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. Since the Tieto Oyj has been rising for 10 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: kr220.64 (-3.48%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 99 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (TIETOS.ST) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Tieto Oyj to open at kr228.13, and during the day (based on 14 day Average True Range), to move between kr224.56 and kr232.64, which gives a possible trading interval of +/-kr4.04 (+/-1.77%) up or down from last closing price. If Tieto Oyj takes out the full calculated possible swing range there will be an estimated 3.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr225.60 (1.31%) than the resistance at kr233.40 (2.10%), 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?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.787 Buy Candidate Unchanged

Predicted Opening Price for Tieto Oyj of Monday, May 20, 2024

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