Camtek Ltd. Stock Forecast
Red day on Thursday for Camtek Ltd. stock after losing 1.48%
(Updated on Apr 18, 2024)
The Camtek Ltd. stock price fell by -1.48% on the last day (Thursday, 18th Apr 2024) from $80.36 to $79.17. During the last trading day the stock fluctuated 4.80% from a day low at $78.72 to a day high of $82.50. The price has risen in 6 of the last 10 days and is up by 1.83% over the past 2 weeks. Volume has increased on the last day by 59 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, 325 thousand shares were bought and sold for approximately $25.72 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Camtek Ltd. stock with a 90% probability to be traded between $77.30 and $91.33 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.
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CAMT Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 1.83%. 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 Camtek 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 $80.17 and $80.74. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Camtek Ltd. stock
Camtek Ltd. finds support from accumulated volume at $78.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $3.78 between high and low, or 4.80%. For the last week, the stock has had daily average volatility of 4.38%.
Our recommended stop-loss: $75.33 (-4.85%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (CAMT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Camtek Ltd. to open at $80.13, and during the day (based on 14 day Average True Range), to move between $75.29 and $83.05, which gives a possible trading interval of +/-$3.88 (+/-4.90%) up or down from last closing price. If Camtek Ltd. takes out the full calculated possible swing range there will be an estimated 9.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $78.86 (0.39%) than the resistance at $80.38 (1.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Camtek Ltd. stock A Buy?
Camtek Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.227 Hold/Accumulate Unchanged
Predicted Opening Price for Camtek Ltd. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $80.13 ( 1.21%) | $79.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAMT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.91 | 5.99 % | |
| R2 | 82.47 | 4.16 % | ||
| R1 | 81.57 | 3.04 % | ||
| Current price: | 79.17 | |||
| Support | S1 | 78.69 | -0.611 % | |
| S2 | 77.79 | -1.74 % | ||
| S3 | 76.35 | -3.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 87.77 | 10.86 % | |
| R2 | 82.07 | 3.66 % | ||
| R1 | 80.38 | 1.53 % | ||
| Current price | 79.17 | |||
| Support | S1 | 78.86 | -0.392% | |
| S2 | 76.84 | -2.94% | ||
| S3 | 75.20 | -5.01% |
CAMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 03, 2024 | $0 | 0% |
| 2 | Aug 06, 2019 | Aug 21, 2019 | Sep 04, 2019 | $0.170 | 1.87% |
| 3 | May 02, 2018 | May 16, 2018 | May 29, 2018 | $0.140 | 1.72% |
| 4 | Nov 07, 2017 | Nov 21, 2017 | Nov 30, 2017 | $0.140 | 2.32% |
FAQ
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