YIT Oyj Stock Forecast
YIT Oyj stock upgraded to Strong Buy Candidate.
(Updated on May 02, 2024)
The YIT Oyj stock price gained 2.00% on the last trading day (Thursday, 2nd May 2024), rising from 1.95€ to 1.99€. 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 7.53% from a day low at 1.86€ to a day high of 2.00€. The price has risen in 6 of the last 10 days and is up by 13.85% over the past 2 weeks. Volume fell on the last day by -130 thousand shares and in total, 434 thousand shares were bought and sold for approximately 863.61€ 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 upper part of a wide and strong 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 2.05€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.44% during the next 3 months and, with a 90% probability hold a price between 1.91€ and 2.27€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
YIT.HE Signals & Forecast
The YIT 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 1.85€ and 1.84€. 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). 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 Wednesday, April 03, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 YIT Oyj stock
YIT Oyj finds support from accumulated volume at 1.97€ 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 0.140€ between high and low, or 7.53%. For the last week the stock has had daily average volatility of 4.58%.
Our recommended stop-loss: 1.92€ (-3.26%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (YIT.HE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect YIT Oyj to open at 1.95€, and during the day (based on 14 day Average True Range), to move between 1.92€ and 2.06€, which gives a possible trading interval of +/-0.0662€ (+/-3.33%) up or down from last closing price. If YIT Oyj takes out the full calculated possible swing range there will be an estimated 6.66% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 1.97€, some 0.0230€ (1.16%) from the current price of 1.99€, our system finds the risk reward attractive.
Is YIT Oyj stock A Buy?
YIT Oyj holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.651 Strong Buy Candidate Upgraded
Predicted Opening Price for YIT Oyj of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 1.95€ ( 1.98%) | 1.99€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YIT.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.09 | 5.06 % | |
| R2 | 2.04 | 2.37 % | ||
| R1 | 2.00 | 0.711 % | ||
| Current price: | 1.99 | |||
| Support | S1 | 1.90 | -4.67 % | |
| S2 | 1.86 | -6.33 % | ||
| S3 | 1.81 | -9.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.99 | |||
| Support | S1 | 1.97 | -1.16% | |
| S2 | 1.65 | -16.89% | ||
| S3 | 1.58 | -20.51% |
YIT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2023 | Mar 20, 2023 | Mar 20, 2023 | 0.0900€ | 3.64% |
| 2 | Oct 03, 2022 | Oct 03, 2022 | Oct 03, 2022 | 0.0800€ | 2.91% |
| 3 | Mar 21, 2022 | Mar 21, 2022 | Mar 21, 2022 | 0.0800€ | 2.21% |
| 4 | Sep 30, 2021 | Sep 30, 2021 | Sep 30, 2021 | 0.0700€ | 1.53% |
| 5 | Mar 19, 2021 | Mar 19, 2021 | Mar 19, 2021 | 0.0700€ | 1.51% |
FAQ
Click here for our free guide on how to buy YIT Oyj Stock.
