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CaesarStone Sdot-Yam Ltd. Stock Forecast NASDAQ:CSTE

$11.31 (2.91%)

Volume: 108k

Closed: Dec 03, 2021

Hollow Logo Score: -3.016

CaesarStone Sdot-Yam Ltd. Stock Forecast

$11.31 (2.91%)

Volume: 108k

Closed: Dec 03, 2021

Score Hollow Logo -3.016
Which way will CSTE go? Request
Key Stats
P/E Ratio 20.02
Beta 1.28
Trailing Dividend Rate 2.73% ($0.31)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 35 and the stock is currently not being overbought or oversold

CaesarStone Sdot-Yam Ltd. stock price ended on $11.31 on Friday after gaining 2.91%
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-24 Loss -9.81%

The CaesarStone Sdot-Yam Ltd. stock price gained 2.91% on the last trading day (Friday, 3rd Dec 2021), rising from $10.99 to $11.31. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 5.58% from a day low at $10.75 to a day high of $11.35. The price has fallen in 6 of the last 10 days and is down by -8.27% for this period. Volume fell on the last day by -20 thousand shares and in total, 108 thousand shares were bought and sold for approximately $1.22 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.98% during the next 3 months and, with a 90% probability hold a price between $9.73 and $11.96 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 5.41%. 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 CaesarStone Sdot-Yam 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 $11.52 and $12.39. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss

CaesarStone Sdot-Yam Ltd. finds support from accumulated volume at $11.17 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.60 between high and low, or 5.58%. For the last week the stock has had a daily average volatility of 5.81%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is CaesarStone Sdot-Yam Ltd. stock A Buy?

CaesarStone Sdot-Yam 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: -3.016

Predicted Opening Price for CaesarStone Sdot-Yam Ltd. of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$11.14 $11.31 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

Stifel Nicolaus does not see either upside or downside right now giving CSTE "Hold" on their last update on Apr 08, 2020. The price target was changed from $12.00 to $11.00.

Volatility and Risk
Daily Average Volatility: 5.81 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.81 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $12.34
Price: $11.31
Support: $11.17

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 11.74 3.77 %
11.51 1.75 %
11.37 0.49 %
Current price: 11.31
Support 10.91 -3.56 %
10.77 -4.81 %
10.54 -6.84 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 13.50 19.36 %
13.08 15.65 %
12.34 9.11 %
Current price 11.31
Support 11.17 -1.24%
10.99 -2.83%
10.73 -5.13%

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About CaesarStone Sdot-Yam Ltd.

Caesarstone Ltd., together with its subsidiaries, manufactures and sells engineered quartz surfaces under the Caesarstone brand in the United States, Australia, Canada, Israel, Europe, and internationally. The company’s products are engineered quartz slabs, which are used as kitchen countertops in the renovation and remodeling, and residential construction end markets, as well as other applications, including vanity tops, wall panels, back splas... Read more

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