Alma Media Oyj Stock Forecast
Stronger technical forecast for Alma Media Oyj stock price after Thursday trading.
(Updated on Apr 25, 2024)
The Alma Media Oyj stock price gained 2.27% on the last trading day (Thursday, 25th Apr 2024), rising from 9.68€ to 9.90€. 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 2.48% from a day low at 9.66€ to a day high of 9.90€. The price has risen in 6 of the last 10 days and is up by 4.87% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately 56.59€ thousand.
The stock lies the upper part of a falling 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 9.94€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.29% during the next 3 months and, with a 90% probability hold a price between 8.74€ and 9.52€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ALMA.HE Signals & Forecast
The Alma Media Oyj stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 9.59€ and 9.73€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 7.38%. Further rise is indicated until a new top pivot has been found. Alma Media Oyj has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Alma Media Oyj stock
Alma Media Oyj finds support from accumulated volume at 9.82€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.240€ (2.48%) between high and low. For the last week, the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: 9.42€ (-4.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (ALMA.HE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Alma Media Oyj to open at 9.82€, and during the day (based on 14 day Average True Range), to move between 9.72€ and 10.08€, which gives a possible trading interval of +/-0.177€ (+/-1.79%) up or down from last closing price. If Alma Media Oyj takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 9.94€ (0.40%) than the support at 9.82€ (0.81%), 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 Alma Media Oyj stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.600 Buy Candidate Upgraded
Predicted Opening Price for Alma Media Oyj of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| 9.82€ ( 0.81%) | 9.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALMA.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.06 | 1.62 % | |
| R2 | 9.97 | 0.690 % | ||
| R1 | 9.91 | 0.118 % | ||
| Current price: | 9.90 | |||
| Support | S1 | 9.73 | -1.73 % | |
| S2 | 9.67 | -2.31 % | ||
| S3 | 9.58 | -3.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.05 | 1.52 % | |
| R2 | 10.00 | 1.01 % | ||
| R1 | 9.94 | 0.404 % | ||
| Current price | 9.90 | |||
| Support | S1 | 9.82 | -0.81% | |
| S2 | 9.70 | -2.02% | ||
| S3 | 9.66 | -2.42% |
ALMA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 08, 2024 | Apr 08, 2024 | Apr 16, 2024 | 0.450€ | 4.70% |
| 2 | Apr 05, 2023 | Apr 05, 2023 | Apr 05, 2023 | 0.440€ | 4.75% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | 0.350€ | 3.57% |
| 4 | Mar 25, 2021 | Mar 25, 2021 | Mar 25, 2021 | 0.300€ | 3.23% |
| 5 | Apr 30, 2020 | Apr 30, 2020 | Apr 30, 2020 | 0.400€ | 4.94% |
FAQ
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