Elbit Systems Ltd. Stock Forecast
Evaluation of Elbit Systems Ltd. stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
The Elbit Systems Ltd. stock price gained 1.15% on the last trading day (Thursday, 18th Apr 2024), rising from $198.02 to $200.30. During the last trading day the stock fluctuated 2.05% from a day low at $198.44 to a day high of $202.50. The price has fallen in 7 of the last 10 days and is down by -0.59% for this period. 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, 12 thousand shares were bought and sold for approximately $2.32 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $195.48 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.84% during the next 3 months and, with a 90% probability hold a price between $189.93 and $215.72 at the end of this 3-month period.
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ESLT Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 2.25%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Elbit Systems Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $206.02. On a fall, the stock will find some support from the short-term average at $199.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Elbit Systems Ltd. stock
Elbit Systems Ltd. finds support from accumulated volume at $200.10 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 $4.06 (2.05%) between high and low. For the last week, the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ESLT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Elbit Systems Ltd. to open at $200.41, and during the day (based on 14 day Average True Range), to move between $196.31 and $204.29, which gives a possible trading interval of +/-$3.99 (+/-1.99%) up or down from last closing price. If Elbit Systems Ltd. takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $200.10 (0.10%) than the resistance at $201.63 (0.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Elbit Systems Ltd. stock A Buy?
Elbit Systems Ltd. holds several negative signals and we believe that 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: -1.221 Sell Candidate Downgraded
Predicted Opening Price for Elbit Systems Ltd. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $200.41 ( 0.0566%) | $200.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESLT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 204.47 | 2.08 % | |
| R2 | 202.92 | 1.31 % | ||
| R1 | 201.96 | 0.83 % | ||
| Current price: | 200.30 | |||
| Support | S1 | 198.86 | -0.718 % | |
| S2 | 197.90 | -1.20 % | ||
| S3 | 196.35 | -1.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 211.15 | 5.42 % | |
| R2 | 206.38 | 3.04 % | ||
| R1 | 201.63 | 0.664 % | ||
| Current price | 200.30 | |||
| Support | S1 | 200.10 | -0.0999% | |
| S2 | 199.72 | -0.290% | ||
| S3 | 198.75 | -0.774% |
ESLT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Apr 23, 2024 | May 06, 2024 | $0.420 | 0.210% |
| 2 | Dec 26, 2023 | Dec 26, 2023 | Jan 08, 2024 | $0.500 | 0.241% |
| 3 | Nov 27, 2023 | Dec 22, 2023 | Jan 08, 2024 | $0.420 | 0.203% |
| 4 | Aug 14, 2023 | Oct 09, 2023 | Oct 23, 2023 | $0.500 | 0.265% |
| 5 | Aug 14, 2023 | Oct 06, 2023 | Oct 23, 2023 | $0.420 | 0.222% |
FAQ
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