AudioCodes Ltd. Stock Forecast
Red day on Wednesday for AudioCodes Ltd. stock after losing 2.15%
(Updated on Apr 24, 2024)
The AudioCodes Ltd. stock price fell by -2.15% on the last day (Wednesday, 24th Apr 2024) from $10.68 to $10.45. During the last trading day the stock fluctuated 4.27% from a day low at $10.31 to a day high of $10.75. The price has fallen in 6 of the last 10 days and is down by -12.33% for this period. 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 -11 thousand shares and in total, 18 thousand shares were bought and sold for approximately $189.45 thousand.
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 $10.34 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.24% during the next 3 months and, with a 90% probability hold a price between $9.18 and $11.11 at the end of this 3-month period.
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AUDC Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.288%. 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 AudioCodes 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 $10.60 and $12.36. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for AudioCodes Ltd. stock
AudioCodes Ltd. finds support from accumulated volume at $10.42 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.440 between high and low, or 4.27%. For the last week the stock has had daily average volatility of 3.85%.
AudioCodes Ltd. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AUDC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect AudioCodes Ltd. to open at $10.50, and during the day (based on 14 day Average True Range), to move between $10.03 and $10.87, which gives a possible trading interval of +/-$0.415 (+/-3.97%) up or down from last closing price. If AudioCodes Ltd. takes out the full calculated possible swing range there will be an estimated 7.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.42 (0.29%) than the resistance at $10.85 (3.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AudioCodes Ltd. stock A Buy?
AudioCodes Ltd. holds several negative signals and is within a 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.
Current score: -2.401 Sell Candidate Unchanged
Predicted Opening Price for AudioCodes Ltd. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $10.50 ( 0.510%) | $10.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUDC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.94 | 4.72 % | |
| R2 | 10.78 | 3.11 % | ||
| R1 | 10.67 | 2.12 % | ||
| Current price: | 10.45 | |||
| Support | S1 | 10.34 | -1.10 % | |
| S2 | 10.23 | -2.09 % | ||
| S3 | 10.06 | -3.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.17 | 16.46 % | |
| R2 | 11.52 | 10.24 % | ||
| R1 | 10.85 | 3.83 % | ||
| Current price | 10.45 | |||
| Support | S1 | 10.42 | -0.287% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
AUDC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Feb 20, 2024 | Mar 06, 2024 | $0.180 | 1.32% |
| 2 | Feb 16, 2024 | Feb 16, 2024 | Mar 06, 2024 | $0.180 | 1.32% |
| 3 | Aug 01, 2023 | Aug 17, 2023 | Aug 31, 2023 | $0.180 | 1.74% |
| 4 | Aug 01, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.180 | 1.74% |
| 5 | Feb 21, 2023 | Feb 21, 2023 | Feb 21, 2023 | $0.180 | 1.05% |
FAQ
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