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$44.29 (-3.17%)

Volume: 92k

Closed: Nov 26, 2021

Hollow Logo Score: 1.423

Camtek Ltd. Stock Forecast

$44.29 (-3.17%)

Volume: 92k

Closed: Nov 26, 2021

Score Hollow Logo 1.423
Which way will CAMT go? Request
Fri, Nov 26, 2021 Buy Candidate Upgraded
Stop-loss: $41.77 (-5.68%)
Key Stats
Beta 2.04
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 54 and the stock is currently not being overbought or oversold

Camtek Ltd. stock upgraded to Buy Candidate.
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-11-22 Loss -3.82%

The Camtek Ltd. stock price fell by -3.17% on the last day (Friday, 26th Nov 2021) from $45.74 to $44.29. During the day the stock fluctuated 5.76% from a day low at $43.02 to a day high of $45.50. The price has fallen in 6 of the last 10 days and is down by -1.25% 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 -57 thousand shares and in total, 92 thousand shares were bought and sold for approximately $4.07 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.02% during the next 3 months and, with a 90% probability hold a price between $42.12 and $52.02 at the end of this 3-month period.

Signals & Forecast

The Camtek Ltd. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $45.39. On a fall, the stock will find some support from the long-term average at approximately $41.98. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, November 12, 2021, and so far it has fallen -8.02%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $41.33 and $41.20. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Camtek Ltd. finds support just below today's level at $41.33. If this is broken, then the next support from accumulated volume will be at $41.20 and $38.71.

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 $2.48 between high and low, or 5.76%. For the last week, the stock has had a daily average volatility of 6.72%.

Our recommended stop-loss: $41.77 (-5.68%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)

Is Camtek Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Camtek Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.423

Predicted Opening Price for Camtek Ltd. of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$44.27 $44.29 (Overvalued)
Buy Candidate Upgraded

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Analyst Ratings

On Aug 05, 2021 "B. Riley" gave "$44.00 - $48.00" rating for CAMT. The price target was set to $39.67+5.8%.

Volatility and Risk
Daily Average Volatility: 6.72 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.72 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $44.69
Price: $44.29
Support: $41.33

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 46.75 5.55 %
45.80 3.42 %
45.22 2.09 %
Current price: 44.29
Support 43.32 -2.18 %
42.74 -3.51 %
41.79 -5.64 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 46.05 3.97 %
44.96 1.51 %
44.69 0.90 %
Current price 44.29
Support 41.33 -6.68%
41.20 -6.98%
38.71 -12.60%

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About Camtek Ltd.

Camtek Ltd Camtek Ltd. designs, develops, manufactures, and markets automated optical inspection (AOI) systems and functional ink technology (FIT) products. It operates in two segments, Microelectronics and Printed Circuit Boards. The company’s AOI systems are computerized systems that optically inspect various types of electronic product components for defect caused during the manufacturing process, as well as is used to enhance production processes and y... Read more

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