Terveystalo Oyj Stock Forecast
Terveystalo Oyj stock downgraded to Buy Candidate
(Updated on May 02, 2024)
The Terveystalo Oyj stock price gained 0.230% on the last trading day (Thursday, 2nd May 2024), rising from 8.71€ to 8.73€. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.50% from a day low at 8.65€ to a day high of 8.78€. The price has risen in 6 of the last 10 days and is up by 7.78% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 44 thousand shares were bought and sold for approximately 387.85€ 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 has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at 8.48€, a level that may pose a second chance to hit a runner. According to fan-theory 9.42€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TTALO.HE Signals & Forecast
The Terveystalo 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 8.41€ and 7.74€. 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 10.09%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
Support, Risk & Stop-loss for Terveystalo Oyj stock
Terveystalo Oyj finds support from accumulated volume at 8.52€ 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 0.130€ between high and low, or 1.50%. For the last week the stock has had daily average volatility of 3.04%.
The Terveystalo Oyj stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: 8.47€ (-2.96%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (TTALO.HE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Terveystalo Oyj to open at 8.72€, and during the day (based on 14 day Average True Range), to move between 8.50€ and 8.96€, which gives a possible trading interval of +/-0.232€ (+/-2.66%) up or down from last closing price. If Terveystalo Oyj takes out the full calculated possible swing range there will be an estimated 5.31% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 8.52€, some 0.210€ (2.41%) from the current price of 8.73€, our system finds the risk reward attractive.
Is Terveystalo Oyj stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Terveystalo Oyj stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.723 Buy Candidate Downgraded
Predicted Opening Price for Terveystalo Oyj of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 8.72€ ( 0.115%) | 8.73€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTALO.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.85 | 1.37 % | |
| R2 | 8.80 | 0.81 % | ||
| R1 | 8.77 | 0.454 % | ||
| Current price: | 8.73 | |||
| Support | S1 | 8.67 | -0.683 % | |
| S2 | 8.64 | -1.03 % | ||
| S3 | 8.59 | -1.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 8.73 | |||
| Support | S1 | 8.52 | -2.41% | |
| S2 | 8.10 | -7.22% | ||
| S3 | 7.50 | -14.09% |
TTALO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 08, 2024 | Oct 08, 2024 | Oct 16, 2024 | 0.150€ | 1.71% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | 0€ | 0% |
| 3 | Mar 24, 2023 | Mar 24, 2023 | Mar 24, 2023 | 0.140€ | 2.08% |
| 4 | Oct 07, 2022 | Oct 07, 2022 | Oct 07, 2022 | 0.140€ | 1.73% |
| 5 | Apr 08, 2022 | Apr 08, 2022 | Apr 08, 2022 | 0.140€ | 1.25% |
FAQ
Click here for our free guide on how to buy Terveystalo Oyj Stock.
