Talenom Oyj Stock Forecast
Red day on Thursday for Talenom Oyj
(Updated on May 02, 2024)
The Talenom Oyj stock price fell by -1.14% on the last day (Thursday, 2nd May 2024) from 5.28€ to 5.22€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.00% from a day low at 5.14€ to a day high of 5.50€. The price has fallen in 7 of the last 10 days and is down by -5.78% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -28 thousand shares and in total, 11 thousand shares were bought and sold for approximately 57.09€ 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 5.22€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Talenom Oyj stock with a 90% probability to be traded between 5.32€ and 6.21€ 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.
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TNOM.HE Signals & Forecast
There are few to no technical positive signals at the moment. The Talenom 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 5.30€ and 5.54€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -13.72%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Talenom Oyj stock
Talenom Oyj finds support from accumulated volume at 5.21€ 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 0.360€ between high and low, or 7.00%. For the last week the stock has had daily average volatility of 3.03%.
Talenom Oyj is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TNOM.HE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Talenom Oyj to open at 5.29€, and during the day (based on 14 day Average True Range), to move between 5.02€ and 5.42€, which gives a possible trading interval of +/-0.197€ (+/-3.78%) up or down from last closing price. If Talenom Oyj takes out the full calculated possible swing range there will be an estimated 7.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 5.21€ (0.19%) than the resistance at 5.39€ (3.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Talenom Oyj stock A Buy?
Talenom 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: -1.090 Sell Candidate Unchanged
Predicted Opening Price for Talenom Oyj of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 5.29€ ( 1.28%) | 5.22€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TNOM.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.65 | 8.17 % | |
| R2 | 5.51 | 5.54 % | ||
| R1 | 5.42 | 3.91 % | ||
| Current price: | 5.22 | |||
| Support | S1 | 5.15 | -1.36 % | |
| S2 | 5.06 | -2.98 % | ||
| S3 | 4.93 | -5.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.82 | 11.49 % | |
| R2 | 5.68 | 8.81 % | ||
| R1 | 5.39 | 3.26 % | ||
| Current price | 5.22 | |||
| Support | S1 | 5.21 | -0.192% | |
| S2 | 5.18 | -0.766% | ||
| S3 | 5.16 | -1.15% |
TNOM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 26, 2024 | 0.190€ | 3.38% |
| 2 | Mar 17, 2023 | Mar 17, 2023 | Mar 17, 2023 | 0.180€ | 2.27% |
| 3 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | 0.180€ | 2.24% |
| 4 | Mar 04, 2022 | Mar 04, 2022 | Mar 04, 2022 | 0.170€ | 2.03% |
| 5 | Mar 04, 2021 | Mar 04, 2021 | Mar 04, 2021 | 0.150€ | 1.28% |
FAQ
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