AudioCodes Ltd. Stock Forecast
AudioCodes Ltd. stock price up 1.23% on Thursday
(Updated on Apr 18, 2024)
The AudioCodes Ltd. stock price gained 1.23% on the last trading day (Thursday, 18th Apr 2024), rising from $10.59 to $10.72. During the last trading day the stock fluctuated 2.99% from a day low at $10.52 to a day high of $10.84. The price has fallen in 6 of the last 10 days and is down by -13.55% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 thousand more shares were traded than the day before. In total, 43 thousand shares were bought and sold for approximately $458.63 thousand.
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 $10.58 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.91% during the next 3 months and, with a 90% probability hold a price between $10.17 and $12.93 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 Wednesday, April 17, 2024, and so far it has risen 1.23%. Further rise is indicated until a new top pivot has been found. AudioCodes Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 $11.12 and $12.72. 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).
Support, Risk & Stop-loss for AudioCodes Ltd. stock
AudioCodes Ltd. finds support from accumulated volume at $10.59 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 $0.315 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 4.00%.
AudioCodes Ltd. is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
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 Friday 19th
For the upcoming trading day on Friday, 19th we expect AudioCodes Ltd. to open at $10.69, and during the day (based on 14 day Average True Range), to move between $10.31 and $11.13, which gives a possible trading interval of +/-$0.409 (+/-3.82%) up or down from last closing price. If AudioCodes Ltd. takes out the full calculated possible swing range there will be an estimated 7.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.85 (1.21%) than the support at $10.59 (1.21%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is AudioCodes Ltd. stock A Buy?
AudioCodes Ltd. holds several negative signals and is within a very 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: -4.775 Sell Candidate Unchanged
Predicted Opening Price for AudioCodes Ltd. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $10.69 ( 0.264%) | $10.72 |
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 | 11.01 | 2.67 % | |
| R2 | 10.89 | 1.55 % | ||
| R1 | 10.81 | 0.86 % | ||
| Current price: | 10.72 | |||
| Support | S1 | 10.57 | -1.39 % | |
| S2 | 10.50 | -2.08 % | ||
| S3 | 10.38 | -3.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.17 | 13.53 % | |
| R2 | 11.52 | 7.46 % | ||
| R1 | 10.85 | 1.21 % | ||
| Current price | 10.72 | |||
| Support | S1 | 10.59 | -1.21% | |
| 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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