CaesarStone Sdot-Yam Ltd. Stock Forecast
CaesarStone Sdot-Yam Ltd. stock price ended at $5.69 on Friday, after gaining 4.60%.
(Updated on Apr 19, 2024)
The CaesarStone Sdot-Yam Ltd. stock price gained 4.60% on the last trading day (Friday, 19th Apr 2024), rising from $5.44 to $5.69. During the last trading day the stock fluctuated 9.40% from a day low at $5.21 to a day high of $5.70. The price has risen in 7 of the last 10 days and is up by 34.83% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 76 thousand shares were bought and sold for approximately $434.15 thousand.
The stock lies in the middle of a very wide and strong 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 22.63% during the next 3 months and, with a 90% probability hold a price between $5.13 and $7.70 at the end of this 3-month period.
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CSTE Signals & Forecast
The CaesarStone Sdot-Yam Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.47 and $4.52. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). CaesarStone Sdot-Yam Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, April 10, 2024, and so far it has fallen -7.48%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for CaesarStone Sdot-Yam Ltd. stock
CaesarStone Sdot-Yam Ltd. finds support from accumulated volume at $5.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.490 between high and low, or 9.40%. For the last week, the stock has had daily average volatility of 7.16%.
Our recommended stop-loss: $5.37 (-5.58%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (CSTE) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect CaesarStone Sdot-Yam Ltd. to open at $5.53, and during the day (based on 14 day Average True Range), to move between $5.33 and $6.05, which gives a possible trading interval of +/-$0.361 (+/-6.35%) up or down from last closing price. If CaesarStone Sdot-Yam Ltd. takes out the full calculated possible swing range there will be an estimated 12.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.67 (0.35%) than the resistance at $6.15 (8.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CaesarStone Sdot-Yam 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 CaesarStone Sdot-Yam Ltd. stock to perform well in the short-term.
Current score: 4.047 Buy Candidate Unchanged
Predicted Opening Price for CaesarStone Sdot-Yam Ltd. of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$5.53 ( 2.75%) | $5.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSTE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.02 | 5.86 % | |
R2 | 5.84 | 2.57 % | ||
R1 | 5.72 | 0.536 % | ||
Current price: | 5.69 | |||
Support | S1 | 5.35 | -6.04 % | |
S2 | 5.23 | -8.08 % | ||
S3 | 5.04 | -11.36 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 6.15 | 8.08 % | ||
Current price | 5.69 | |||
Support | S1 | 5.67 | -0.351% | |
S2 | 5.12 | -10.02% | ||
S3 | 4.48 | -21.27% |
CSTE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 04, 2022 | Aug 16, 2022 | Sep 07, 2022 | $0.250 | 2.48% |
2 | Nov 08, 2021 | Nov 16, 2021 | Nov 30, 2021 | $0.100 | 0.90% |
3 | May 05, 2021 | May 17, 2021 | Jun 01, 2021 | $0.210 | 1.24% |
4 | Nov 05, 2020 | Nov 17, 2020 | Dec 09, 2020 | $0.140 | 1.17% |
5 | Nov 06, 2019 | Nov 19, 2019 | Dec 10, 2019 | $0.150 | 1.00% |
FAQ
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