SSH Communications Security Oyj Stock Forecast
Weaker technical forecast for SSH Communications Security Oyj as stock downgraded to Sell Candidate.
(Updated on Apr 24, 2024)
The SSH Communications Security Oyj stock price fell by -0.769% on the last day (Wednesday, 24th Apr 2024) from 1.30€ to 1.29€. During the last trading day the stock fluctuated 6.88% from a day low at 1.24€ to a day high of 1.32€. The price has fallen in 8 of the last 10 days and is down by -3.01% for this period. Volume has increased on the last day by 60 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 64 thousand shares were bought and sold for approximately 82.91€ thousand.
The stock lies in the middle of a very 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 -37.34% during the next 3 months and, with a 90% probability hold a price between 0.621€ and 0.87€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SSH1V.HE Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.18%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SSH Communications Security 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 1.30€ and 1.33€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). SSH Communications Security Oyj gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for SSH Communications Security Oyj stock
SSH Communications Security Oyj finds support from accumulated volume at 1.29€ 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.0850€ between high and low, or 6.88%. For the last week the stock has had daily average volatility of 5.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SSH1V.HE) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect SSH Communications Security Oyj to open at 1.28€, and during the day (based on 14 day Average True Range), to move between 1.23€ and 1.35€, which gives a possible trading interval of +/-0.0623€ (+/-4.83%) up or down from last closing price. If SSH Communications Security Oyj takes out the full calculated possible swing range there will be an estimated 9.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 1.29€ (0.39%) than the resistance at 1.35€ (4.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SSH Communications Security Oyj stock A Buy?
SSH Communications Security Oyj holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.072 Sell Candidate Downgraded
Predicted Opening Price for SSH Communications Security Oyj of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| 1.28€ ( 0.646%) | 1.29€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SSH1V.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.37 | 5.94 % | |
| R2 | 1.33 | 3.43 % | ||
| R1 | 1.31 | 1.87 % | ||
| Current price: | 1.29 | |||
| Support | S1 | 1.25 | -3.16 % | |
| S2 | 1.23 | -4.72 % | ||
| S3 | 1.20 | -7.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.47 | 13.95 % | |
| R2 | 1.40 | 8.14 % | ||
| R1 | 1.35 | 4.26 % | ||
| Current price | 1.29 | |||
| Support | S1 | 1.29 | -0.388% | |
| S2 | 1.28 | -1.16% | ||
| S3 | 0 | . |
SSH1V Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2010 | Mar 04, 2010 | Mar 04, 2010 | 0.0500€ | 6.02% |
| 2 | Mar 05, 2009 | Mar 05, 2009 | Mar 05, 2009 | 0.300€ | 32.26% |
| 3 | Apr 04, 2008 | Apr 04, 2008 | Apr 04, 2008 | 0.150€ | 10.20% |
| 4 | Jul 17, 2006 | Jul 17, 2006 | Jul 17, 2006 | 0.500€ | 30.12% |
| 5 | Apr 27, 2005 | Apr 27, 2005 | Apr 27, 2005 | 0.290€ | 22.31% |
FAQ
Click here for our free guide on how to buy SSH Communications Security Oyj Stock.
