Valmet Oyj Stock Forecast
Valmet Oyj stock price ended at 27.25€ on Tuesday, after gaining 0.81%.
(Updated on Jul 02, 2024)
The Valmet Oyj stock price gained 0.81% on the last trading day (Tuesday, 2nd Jul 2024), rising from 27.03€ to 27.25€. During the last trading day the stock fluctuated 2.76% from a day low at 26.84€ to a day high of 27.58€. The price has risen in 6 of the last 10 days and is up by 6.03% over the past 2 weeks. Volume fell on the last day by -34 thousand shares and in total, 269 thousand shares were bought and sold for approximately 7.34€ million. 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 upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 27.68€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.14% during the next 3 months and, with a 90% probability hold a price between 24.71€ and 29.11€ at the end of this 3-month period.
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VALMT.HE Signals & Forecast
The Valmet 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 26.96€ and 25.43€. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.09%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Valmet Oyj stock
Valmet Oyj finds support from accumulated volume at 26.95€ 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 0.740€ between high and low, or 2.76%. For the last week, the stock has had daily average volatility of 2.17%.
The Valmet 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 and the RSI is still moving upwards. 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: 26.40€ (-3.11%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (VALMT.HE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Valmet Oyj to open at 27.22€, and during the day (based on 14 day Average True Range), to move between 26.48€ and 28.02€, which gives a possible trading interval of +/-0.772€ (+/-2.83%) up or down from last closing price. If Valmet Oyj takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 27.55€ (1.10%) than the support at 26.95€ (1.10%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Valmet Oyj stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Valmet Oyj stock to perform well in the short-term.
Current score: 4.453 Buy Candidate Unchanged
Predicted Opening Price for Valmet Oyj of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 27.22€ ( 0.0979%) | 27.25€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VALMT.HE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.96 | 2.62% |
| R2 | 27.68 | 1.58% |
| R1 | 27.51 | 0.94% |
| Price | 27.25 | |
| S1 | 26.94 | -1.14% |
| S2 | 26.77 | -1.78% |
| S3 | 26.48 | -2.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 27.55 | 1.10% |
| Price | 27.25 | |
| S1 | 26.95 | -1.10% |
| S2 | 26.41 | -3.08% |
| S3 | 24.34 | -10.68% |
VALMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 30, 2024 | Sep 30, 2024 | Oct 10, 2024 | 0.670€ | 2.46% |
| 2 | Mar 25, 2024 | Mar 25, 2024 | Apr 11, 2024 | 0.680€ | 2.70% |
| 3 | Sep 29, 2023 | Sep 29, 2023 | Oct 12, 2023 | 0.650€ | 2.92% |
| 4 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | 0.650€ | 2.22% |
| 5 | Mar 23, 2022 | Mar 23, 2022 | Mar 23, 2022 | 1.20€ | 3.93% |
FAQ
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