Aspocomp Group Oyj Stock Forecast
Green day on Friday for Aspocomp Group Oyj stock after gaining 0.321%
(Updated on Apr 19, 2024)
The Aspocomp Group Oyj stock price gained 0.321% on the last trading day (Friday, 19th Apr 2024), rising from 3.12€ to 3.13€. During the last trading day the stock fluctuated 5.16% from a day low at 3.10€ to a day high of 3.26€. The price has risen in 5 of the last 10 days but is still down by -5.15% for this period. Volume fell on the last day by -3 thousand shares and in total, 5 thousand shares were bought and sold for approximately 15.88€ 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 middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.48% during the next 3 months and, with a 90% probability hold a price between 2.82€ and 3.24€ at the end of this 3-month period.
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ACG1V.HE Signals & Forecast
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 10, 2024, and so far it has fallen -7.12%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Aspocomp Group Oyj stock
Aspocomp Group Oyj finds support from accumulated volume at 3.10€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.160€ between high and low, or 5.16%. For the last week the stock has had daily average volatility of 3.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACG1V.HE) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Aspocomp Group Oyj to open at 3.16€, and during the day (based on 14 day Average True Range), to move between 3.03€ and 3.23€, which gives a possible trading interval of +/-0.101€ (+/-3.22%) up or down from last closing price. If Aspocomp Group Oyj takes out the full calculated possible swing range there will be an estimated 6.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 3.10€ (0.96%) than the resistance at 3.27€ (4.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aspocomp Group Oyj stock A Buy?
Aspocomp Group 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: -2.254 Sell Candidate Unchanged
Predicted Opening Price for Aspocomp Group Oyj of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| 3.16€ ( 1.06%) | 3.13€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACG1V.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.32 | 6.18 % | |
| R2 | 3.26 | 4.22 % | ||
| R1 | 3.22 | 3.02 % | ||
| Current price: | 3.13 | |||
| Support | S1 | 3.10 | -0.89 % | |
| S2 | 3.06 | -2.09 % | ||
| S3 | 3.00 | -4.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.50 | 11.82 % | |
| R2 | 3.30 | 5.43 % | ||
| R1 | 3.27 | 4.47 % | ||
| Current price | 3.13 | |||
| Support | S1 | 3.10 | -0.96% | |
| S2 | 3.02 | -3.51% | ||
| S3 | 3.00 | -4.15% |
ACG1V Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | 0.210€ | 3.50% |
| 2 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | 0.150€ | 2.36% |
| 3 | Sep 17, 2020 | Sep 17, 2020 | Sep 17, 2020 | 0.150€ | 3.61% |
| 4 | Apr 03, 2020 | Apr 03, 2020 | Apr 03, 2020 | 0.150€ | 3.78% |
| 5 | Apr 04, 2019 | Apr 04, 2019 | Apr 04, 2019 | 0.120€ | 2.58% |
FAQ
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