Clal Insurance Enterprises Holdings Ltd Stock Forecast
Red day on Thursday for Clal Insurance Enterprises Holdings Ltd stock after losing 1.58%
(Updated on May 23, 2024)
The Clal Insurance Enterprises Holdings Ltd stock price fell by -1.58% on the last day (Thursday, 23rd May 2024) from ₪5,817.00 to ₪5,725.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.23% from a day low at ₪5,694.00 to a day high of ₪5,878.00. The price has fallen in 7 of the last 10 days and is down by -10.55% 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 -70 thousand shares and in total, 91 thousand shares were bought and sold for approximately ₪523.75 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₪5,679.87 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.90% during the next 3 months and, with a 90% probability hold a price between ₪5,061.05 and ₪5,798.17 at the end of this 3-month period.
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CLIS.TA Signals & Forecast
There are few to no technical positive signals at the moment. The Clal Insurance Enterprises Holdings 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 ₪6,009.86 and ₪6,195.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -10.55%. 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 Clal Insurance Enterprises Holdings 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 ₪184.00 between high and low, or 3.23%. For the last week, the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CLIS.TA) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Clal Insurance Enterprises Holdings Limited to open at ₪5,765.67, and during the day (based on 14 day Average True Range), to move between ₪5,564.56 and ₪5,885.44, which gives a possible trading interval of +/-₪160.44 (+/-2.80%) up or down from last closing price. If Clal Insurance Enterprises Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₪6,400.00, some ₪675.00 (11.79%) from the current price of ₪5,725.00, our system finds the risk reward not very attractive.
Earnings coming up
Clal Insurance Enterprises Holdings Limited will release earnings BMO on Wednesday, May 29, 2024. We will update the financials statements for Clal Insurance Enterprises Holdings Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.46% in the first trading day after earnings release.
Is Clal Insurance Enterprises Holdings Limited stock A Buy?
Clal Insurance Enterprises Holdings 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: -3.705 Sell Candidate Unchanged
Predicted Opening Price for Clal Insurance Enterprises Holdings Limited of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| ₪5,765.67 ( 0.710%) | ₪5,725.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLIS.TA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,949.67 | 3.92 % | |
| R2 | 5,879.38 | 2.70 % | ||
| R1 | 5,835.95 | 1.94 % | ||
| Current price: | 5,725.00 | |||
| Support | S1 | 5,695.38 | -0.517 % | |
| S2 | 5,651.95 | -1.28 % | ||
| S3 | 5,581.67 | -2.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,835.00 | 19.39 % | |
| R2 | 6,650.00 | 16.16 % | ||
| R1 | 6,400.00 | 11.79 % | ||
| Current price | 5,725.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CLIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2013 | Mar 07, 2013 | Mar 07, 2013 | ₪216.79 | 3.74% |
| 2 | Nov 07, 2012 | Nov 07, 2012 | Nov 07, 2012 | ₪325.18 | 6.25% |
| 3 | Jun 12, 2012 | Jun 12, 2012 | Jun 12, 2012 | ₪451.64 | 9.75% |
| 4 | Apr 12, 2011 | Apr 12, 2011 | Apr 12, 2011 | ₪270.99 | 2.78% |
| 5 | Nov 25, 2010 | Nov 25, 2010 | Nov 25, 2010 | ₪361.69 | 3.79% |
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