Sampo Oyj Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Sampo Oyj stock after losing 0.371%
(Updated on May 03, 2024)
The Sampo Oyj stock price fell by -0.371% on the last day (Friday, 3rd May 2024) from 37.74€ to 37.60€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.23% from a day low at 37.54€ to a day high of 38.00€. The price has fallen in 6 of the last 10 days and is down by -4.69% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -363 thousand shares and in total, 498 thousand shares were bought and sold for approximately 18.71€ million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 37.07€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.24% during the next 3 months and, with a 90% probability hold a price between 35.50€ and 38.41€ at the end of this 3-month period.
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SAMPO.HE Signals & Forecast
There are few to no technical positive signals at the moment. The Sampo Oyj stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 38.53€ and 39.69€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 21, 2024, and so far it has fallen -9.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Sampo Oyj stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.460€ (1.23%) between high and low. For the last week, the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAMPO.HE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Sampo Oyj to open at 37.71€, and during the day (based on 14 day Average True Range), to move between 36.97€ and 38.23€, which gives a possible trading interval of +/-0.635€ (+/-1.69%) up or down from last closing price. If Sampo Oyj takes out the full calculated possible swing range there will be an estimated 3.38% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 39.57€, some 1.97€ (5.24%) from the current price of 37.60€, our system finds the risk reward not very attractive.
Earnings coming up
Sampo Oyj will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.520. We will update the financials statements for Sampo Oyj, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.61% in the first trading day after earnings release.
Is Sampo Oyj stock A Buy?
Sampo Oyj holds several negative signals and is within a 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: -3.103 Sell Candidate Unchanged
Predicted Opening Price for Sampo Oyj of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 37.71€ ( 0.301%) | 37.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAMPO.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.17 | 1.52 % | |
| R2 | 38.00 | 1.06 % | ||
| R1 | 37.89 | 0.769 % | ||
| Current price: | 37.60 | |||
| Support | S1 | 37.54 | -0.166 % | |
| S2 | 37.43 | -0.455 % | ||
| S3 | 37.25 | -0.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.37 | 10.03 % | |
| R2 | 39.85 | 5.98 % | ||
| R1 | 39.57 | 5.24 % | ||
| Current price | 37.60 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SAMPO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 07, 2024 | 1.80€ | 4.78% |
| 2 | May 19, 2023 | May 19, 2023 | May 19, 2023 | 0.80€ | 1.86% |
| 3 | May 19, 2022 | May 19, 2022 | May 19, 2022 | 2.00€ | 4.74% |
| 4 | May 20, 2021 | May 20, 2021 | May 20, 2021 | 1.70€ | 4.33% |
| 5 | Jun 03, 2020 | Jun 03, 2020 | Jun 03, 2020 | 1.50€ | 4.53% |
FAQ
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