Baran Group Ltd Stock Forecast
Red day on Wednesday for Baran Group Ltd stock after losing 1.52%
(Updated on Jun 26, 2024)
The Baran Group Ltd stock price fell by -1.52% on the last day (Wednesday, 26th Jun 2024) from ₪1,052.00 to ₪1,036.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.99% from a day low at ₪1,030.00 to a day high of ₪1,102.00. The price has fallen in 6 of the last 10 days and is down by -5.47% for this period. Volume has increased on the last day by 11 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, 32 thousand shares were bought and sold for approximately ₪33.25 million.
Given the current horizontal trend, you can expect Baran Group Ltd stock with a 90% probability to be traded between ₪1,019.93 and ₪1,130.76 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BRAN.TA Signals & Forecast
There are few to no technical positive signals at the moment. The Baran Group 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 ₪1,063.57 and ₪1,098.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, June 02, 2024, and so far it has fallen -10.23%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Baran Group Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ₪72.00 between high and low, or 6.99%. For the last week, the stock has had daily average volatility of 2.75%.
Baran Group Ltd is oversold on RSI14 (1). 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 (BRAN.TA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Baran Group Ltd to open at ₪1,056.00, and during the day (based on 14 day Average True Range), to move between ₪1,007.04 and ₪1,064.96, which gives a possible trading interval of +/-₪28.96 (+/-2.79%) up or down from last closing price. If Baran Group Ltd takes out the full calculated possible swing range there will be an estimated 5.59% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₪1,103.00, some ₪67.00 (6.47%) from the current price of ₪1,036.00, our system finds the risk reward not very attractive.
Is Baran Group Ltd stock A Buy?
Baran Group 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: -3.878 Sell Candidate Unchanged
Predicted Opening Price for Baran Group Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₪1,056.00 ( 1.93%) | ₪1,036.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRAN.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,128.00 | 8.88% |
| R2 | 1,100.50 | 6.23% |
| R1 | 1,083.50 | 4.59% |
| Price | 1,036.00 | |
| S1 | 1,028.50 | -0.724% |
| S2 | 1,011.50 | -2.36% |
| S3 | 984.00 | -5.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,131.00 | 9.17% |
| R2 | 1,126.00 | 8.69% |
| R1 | 1,103.00 | 6.47% |
| Price | 1,036.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
BRAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 16, 2007 | Oct 16, 2007 | Oct 16, 2007 | ₪76.07 | 1.12% |
| 2 | May 02, 2007 | May 02, 2007 | May 02, 2007 | ₪152.14 | 2.32% |
| 3 | Dec 18, 2006 | Dec 18, 2006 | Dec 18, 2006 | ₪76.07 | 1.67% |
FAQ
Click here for our free guide on how to buy Baran Group Ltd Stock.
