Apollo Power Ltd Stock Forecast
A very red day for Apollo Power Ltd stock price after a -8.64% fall in the Monday trading session
(Updated on Jun 24, 2024)
The Apollo Power Ltd stock price fell by -8.64% on the last day (Monday, 24th Jun 2024) from ₪581.90 to ₪531.60. During the last trading day the stock fluctuated 4.78% from a day low at ₪527.20 to a day high of ₪552.40. The price has been going up and down for this period, and there has been a -0.84% loss for the last 2 weeks. Volume has increased on the last day by 47 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, 47 thousand shares were bought and sold for approximately ₪24.85 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₪501.15 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.86% during the next 3 months and, with a 90% probability hold a price between ₪401.61 and ₪532.31 at the end of this 3-month period.
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APLP.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 1.62%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Apollo Power 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 ₪561.39 and ₪615.60. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Apollo Power Ltd stock
Apollo Power Ltd finds support from accumulated volume at ₪527.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₪25.20 between high and low, or 4.78%. For the last week, the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: ₪505.46 (-4.92%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (APLP.TA) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Apollo Power Ltd to open at ₪537.07, and during the day (based on 14 day Average True Range), to move between ₪508.97 and ₪554.23, which gives a possible trading interval of +/-₪22.63 (+/-4.26%) up or down from last closing price. If Apollo Power Ltd takes out the full calculated possible swing range there will be an estimated 8.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪527.10 (0.85%) than the resistance at ₪559.40 (5.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Apollo Power Ltd stock A Buy?
Apollo Power Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Apollo Power Ltd of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| ₪537.07 ( 1.03%) | ₪531.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APLP.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 562.27 | 5.77% |
| R2 | 552.64 | 3.96% |
| R1 | 546.69 | 2.84% |
| Price | 531.60 | |
| S1 | 527.44 | -0.782% |
| S2 | 521.49 | -1.90% |
| S3 | 511.87 | -3.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 654.30 | 23.08% |
| R2 | 649.20 | 22.12% |
| R1 | 559.40 | 5.23% |
| Price | 531.60 | |
| S1 | 527.10 | -0.85% |
| S2 | 523.10 | -1.60% |
| S3 | 0 | - |
APLP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 19, 2009 | Oct 19, 2009 | Oct 19, 2009 | ₪120.87 | 8.77% |
| 2 | Jun 08, 2009 | Jun 08, 2009 | Jun 08, 2009 | ₪102.43 | 9.32% |
| 3 | Dec 04, 2008 | Dec 04, 2008 | Dec 04, 2008 | ₪81.94 | 12.75% |
| 4 | Dec 12, 2007 | Dec 12, 2007 | Dec 12, 2007 | ₪272.00 | 20.32% |
| 5 | Jun 21, 2007 | Jun 21, 2007 | Jun 21, 2007 | ₪77.86 | 4.83% |
FAQ
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