AudioCodes Ltd. Stock Forecast
AudioCodes Ltd. stock price up 2.06% on Tuesday
(Updated on Jul 02, 2024)
The AudioCodes Ltd. stock price gained 2.06% on the last trading day (Tuesday, 2nd Jul 2024), rising from $10.17 to $10.38. During the last trading day the stock fluctuated 2.56% from a day low at $10.17 to a day high of $10.43. The price has risen in 7 of the last 10 days and is up by 4.85% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately $263.52 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.79% during the next 3 months and, with a 90% probability hold a price between $7.71 and $9.24 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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AUDC Signals & Forecast
Mostly positive signals in the chart today. The AudioCodes Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $10.25 and $10.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 7.79%. 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). 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.
Support, Risk & Stop-loss for AudioCodes Ltd. stock
AudioCodes Ltd. finds support from accumulated volume at $10.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.260 between high and low, or 2.56%. For the last week the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: $9.99 (-3.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (AUDC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect AudioCodes Ltd. to open at $10.32, and during the day (based on 14 day Average True Range), to move between $10.12 and $10.64, which gives a possible trading interval of +/-$0.260 (+/-2.50%) up or down from last closing price. If AudioCodes Ltd. takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.00 (3.66%) than the resistance at $10.82 (4.24%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.881 Buy Candidate Unchanged
Predicted Opening Price for AudioCodes Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $10.32 ( 0.546%) | $10.38 |
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 | |
|---|---|---|
| R3 | 10.58 | 1.96% |
| R2 | 10.48 | 1.00% |
| R1 | 10.42 | 0.411% |
| Price | 10.38 | |
| S1 | 10.22 | -1.50% |
| S2 | 10.16 | -2.09% |
| S3 | 10.06 | -3.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.10 | 6.94% |
| R2 | 10.85 | 4.53% |
| R1 | 10.82 | 4.24% |
| Price | 10.38 | |
| S1 | 10.00 | -3.66% |
| S2 | 9.92 | -4.43% |
| S3 | 9.90 | -4.62% |
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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