Africa Israel Residences Ltd Stock Forecast
Africa Israel Residences Ltd stock price ended at ₪19,490.00 on Thursday, after losing 1.57%.
(Updated on Jun 20, 2024)
The Africa Israel Residences Ltd stock price fell by -1.57% on the last day (Thursday, 20th Jun 2024) from ₪19,800.00 to ₪19,490.00. During the last trading day the stock fluctuated 2.31% from a day low at ₪19,490.00 to a day high of ₪19,940.00. The price has been going up and down for this period, and there has been a 0.46% gain for the last 2 weeks. 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 -17 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₪32.76 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 ₪18,699.23 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.32% during the next 3 months and, with a 90% probability hold a price between ₪15,646.63 and ₪19,027.26 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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AFRE.TA Signals & Forecast
There are mixed signals in the stock today. The Africa Israel Residences Ltd 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 ₪19,512.86 and ₪21,667.14. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Sunday, June 16, 2024, and so far it has risen 2.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Africa Israel Residences Ltd stock
Africa Israel Residences Ltd finds support from accumulated volume at ₪19,400.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₪450.00 between high and low, or 2.31%. For the last week, the stock has had daily average volatility of 3.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AFRE.TA) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Africa Israel Residences Ltd to open at ₪19,640.00, and during the day (based on 14 day Average True Range), to move between ₪18,732.80 and ₪20,247.20, which gives a possible trading interval of +/-₪757.20 (+/-3.89%) up or down from last closing price. If Africa Israel Residences Ltd takes out the full calculated possible swing range there will be an estimated 7.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪19,400.00 (0.46%) than the resistance at ₪19,700.00 (1.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Africa Israel Residences Ltd stock A Buy?
Africa Israel Residences 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.
Current score: -1.178 Sell Candidate Unchanged
Predicted Opening Price for Africa Israel Residences Ltd of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| ₪19,640.00 ( 0.770%) | ₪19,490.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFRE.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20,090.00 | 3.08% |
| R2 | 19,918.10 | 2.20% |
| R1 | 19,811.90 | 1.65% |
| Price | 19,490.00 | |
| S1 | 19,468.10 | -0.112% |
| S2 | 19,361.90 | -0.657% |
| S3 | 19,190.00 | -1.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23,300.00 | 19.55% |
| R2 | 23,130.00 | 18.68% |
| R1 | 19,700.00 | 1.08% |
| Price | 19,490.00 | |
| S1 | 19,400.00 | -0.462% |
| S2 | 19,180.00 | -1.59% |
| S3 | 19,000.00 | -2.51% |
AFRE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 18, 2024 | ₪118.64 | 0.619% |
| 2 | Mar 26, 2024 | Mar 26, 2024 | Apr 16, 2024 | ₪237.28 | 1.08% |
| 3 | Dec 06, 2023 | Dec 06, 2023 | Dec 19, 2023 | ₪158.18 | 0.81% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | ₪174.00 | 0.97% |
| 5 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | ₪142.37 | 0.80% |
FAQ
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