
Technical analysis of UPM-Kymmene Oyj (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
UPM-Kymmene Oyj is a basic materials company operating in the forest-based bioindustry globally. The company produces pulp for paper, sawn timber, various types of paper, plywood, renewable energy from hydroelectric and thermal sources, as well as biochemical and biomedical products derived from wood and forest biomass.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for September 4, 2026, computed on the last 12 months of prices.
21 sessions
23.61 €
+2.88%
50 sessions
23.37 €
+3.92%
200 sessions
24.37 €
−0.33%
s2
23.63
Support
s1
23.82
Support
pivot
24.20
Pivot
r1
24.39
Resistance
r2
24.77
Resistance
In the September 4, 2026 session UPM-Kymmene Oyj closed higher at 24.29 €, +1.17% versus the previous session.
The price sits mixed against its moving averages: +2.88% against the 21-session average, +3.92% against the 50 and −0.33% against the 200.
The 14-period RSI reads 61.8, in neutral territory.
MACD stands at 0.223 against a signal line at 0.140: the histogram is positive (+0.083).
ADX reads 24.9, indicating weak directionality.
Levels computed on the latest session place supports at 23.82 and 23.63 € and resistances at 24.39 and 24.77 €, around a pivot of 24.20.
The average daily range (ATR) is 0.404 €, or 1.66% of price.
Turnover was 148.2K shares, 14% of the 20-session average.
Over the last twelve months the price ranged between 22.12 and 27.00 €, and today stands −10.04% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is UPM-Kymmene Oyj analysed technically?
Technical analysis of UPM-Kymmene Oyj is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for UPM-Kymmene Oyj?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to UPM-Kymmene Oyj?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to UPM-Kymmene Oyj it helps frame the technical structure of the historical chart and is not a forecast.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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