Castro Model Ltd. Stock Forecast
Castro Model Ltd. stock price ended at ₪5,971.00 on Thursday, after losing 0.81%.
(Updated on Jun 27, 2024)
The Castro Model Ltd. stock price fell by -0.81% on the last day (Thursday, 27th Jun 2024) from ₪6,020.00 to ₪5,971.00. During the last trading day the stock fluctuated 2.35% from a day low at ₪5,882.00 to a day high of ₪6,020.00. The price has risen in 5 of the last 10 days but is still down by -4.95% 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 -23 thousand shares and in total, 623 shares were bought and sold for approximately ₪3.72 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₪5,869.00 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.71% during the next 3 months and, with a 90% probability hold a price between ₪6,967.20 and ₪8,585.23 at the end of this 3-month period.
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CAST.TA Signals & Forecast
There are mixed signals in the stock today. The Castro Model Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₪6,329.60. On a fall, the stock will find some support from the short-term average at ₪5,901.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -13.34%. 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 for Castro Model Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₪5,415.00 and ₪5,257.00. There is a 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, Castro Model Ltd. finds support just below today's level at ₪5,415.00. If this is broken, then the next support from accumulated volume will be at ₪5,257.00 and ₪5,122.00.
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 ₪138.00 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 4.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CAST.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Castro Model Ltd. to open at ₪5,957.67, and during the day (based on 14 day Average True Range), to move between ₪5,689.81 and ₪6,252.19, which gives a possible trading interval of +/-₪281.19 (+/-4.71%) up or down from last closing price. If Castro Model Ltd. takes out the full calculated possible swing range there will be an estimated 9.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₪5,986.00 (0.25%) than the support at ₪5,415.00 (9.31%), 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 Castro Model Ltd. stock A Buy?
Castro Model Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.296 Sell Candidate Unchanged
Predicted Opening Price for Castro Model Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₪5,957.67 ( 0.223%) | ₪5,971.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAST.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,095.67 | 2.09% |
| R2 | 6,042.95 | 1.21% |
| R1 | 6,010.38 | 0.660% |
| Price | 5,971.00 | |
| S1 | 5,904.95 | -1.11% |
| S2 | 5,872.38 | -1.65% |
| S3 | 5,819.67 | -2.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,407.00 | 7.30% |
| R2 | 6,300.00 | 5.51% |
| R1 | 5,986.00 | 0.251% |
| Price | 5,971.00 | |
| S1 | 5,415.00 | -9.31% |
| S2 | 5,257.00 | -11.96% |
| S3 | 5,122.00 | -14.22% |
CAST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2022 | Jul 11, 2022 | Jul 11, 2022 | ₪1,016.45 | 10.85% |
| 2 | Apr 04, 2018 | Apr 04, 2018 | Apr 04, 2018 | ₪468.99 | 5.36% |
| 3 | Apr 04, 2017 | Apr 04, 2017 | Apr 04, 2017 | ₪469.00 | 3.51% |
| 4 | Apr 06, 2016 | Apr 06, 2016 | Apr 06, 2016 | ₪493.68 | 5.74% |
| 5 | Apr 01, 2015 | Apr 01, 2015 | Apr 01, 2015 | ₪575.73 | 4.54% |
FAQ
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